Report of Foreign Issuer (6-k)
July 16 2019 - 6:11AM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the
month of
July
2019
RYANAIR HOLDINGS PLC
(Translation
of registrant's name into English)
c/o Ryanair Ltd Corporate Head Office
Dublin
Airport
County Dublin Ireland
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file
annual
reports
under cover Form 20-F or Form 40-F.
Form
20-F..X.. Form 40-F
Indicate
by check mark whether the registrant by furnishing the
information
contained
in this Form is also thereby furnishing the information to
the
Commission
pursuant to Rule 12g3-2(b) under the Securities
Exchange
Act of
1934.
Yes
No ..X..
If
"Yes" is marked, indicate below the file number assigned to the
registrant
in
connection with Rule 12g3-2(b): 82- ________
RYANAIR EXPECTS BOEING MAX DELIVERY DELAYS TO SLOW CAPACITY
GROWTH FOR WINTER 2019 AND SUMMER 2020
Ryanair
Holdings Plc today (Tues, 16 July) updated investors on the current
uncertainty over the Boeing 737 MAX deliveries during Winter '19
and Summer '20.
Ryanair CEO Michael O'Leary said:
"
Ryanair remains committed to
the B737 MAX aircraft, and now expects that it will return to
flying service before the end of 2019, however the exact date of
this return remains uncertain. Boeing is hoping that a
certification package will be submitted to regulators by September
with a return to service shortly thereafter. We believe it would be
prudent to plan for that date to slip by some months, possibly as
late as December. As Ryanair have ordered the Boeing MAX200s, which
are a variant of the MAX aircraft, these need to be separately
certified by the FAA and EASA. Ryanair expects that the MAX200 will
be approved for flight services within 2 months of the MAX return
to service.
Accordingly, Ryanair now hopes to receive its first MAX200 aircraft
sometime between January and February 2020. Since Ryanair can only
take delivery of between 6 to 8 new aircraft each month, we are now
planning our summer 2020 schedules based on taking up to 30 B737
MAX aircraft deliveries up to end of May 2020. This is less than
the 58 MAX aircraft Boeing originally scheduled to deliver for our
summer 2020 schedule. This number could rise, or fall further,
depending on when the B737 MAX actually returns to flight
services.
For planning purposes, Ryanair will now revise its summer 2020
schedule based on 30 incremental aircraft, rather than 58. This
will cut Ryanair's summer 2020 growth rate from 7% to 3%, and means
full year traffic growth for the year to March 2021 will be cut
from 162m guests to approx. 157m. This shortfall in aircraft
deliveries will necessitate some base cuts and closures for summer
2020, but also for the winter 2019 schedule. We are starting a
series of discussions with our airports to determine which of
Ryanair's underperforming or loss making bases should suffer these
short term cuts and/or closures from November 2019. We will also be
consulting with our people and our unions in planning and
implementing these base cuts and closures, which are directly
caused by the B737 MAX delivery delays to the B737 MAX
program.
Ryanair will continue to work with Boeing and EASA to recover these
delivery delays during the winter of 2020, so that we can restore
our growth to normal levels in summer 2021".
(Investor call scheduled for 10:30am Dublin time this morning, Tues
16
th
July)
For further information
please
contact:
Alejandra
Ruiz
Piaras Kelly
Ryanair
DAC
Edelman Ireland
Tel:
+353-1-9451799
Tel: +353-1-6789 333
press@ryanair.com
ryanair@edelman.com
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf
by the undersigned, hereunto duly authorized.
Date:
16
July, 2019
|
By:___/s/
Juliusz Komorek____
|
|
|
|
Juliusz
Komorek
|
|
Company
Secretary
|
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