Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
March 01 2024 - 6:21AM
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 March 2024
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 BOEING DELIVERY UPDATE
NOW EXPECT ONLY 40 OF 57 B737 DELIVERIES FOR PEAK S24
Ryanair, Europe's No.1 airline, today (Fri 1 Mar) confirmed that
Boeing now expect to deliver just 40 of the 57 planned B737-MAX8200
aircraft that were due to be delivered to Ryanair before the end of
June 2024. Ryanair's current S24 schedule was based on receiving a
minimum of 50 B737 aircraft, and Ryanair will now have to reduce
approx. 10 aircraft lines of flying for the peak summer months of
Jul, Aug and Sept. This will cause some minor schedule changes in
the context of Ryanair's 600 aircraft fleet and will reduce
frequencies on existing routes rather than cutting new
routes.
Ryanair has already implemented these schedule cuts at some of its
higher cost airports, most notably Dublin, Milan Malpensa, Warsaw
Modlin and 4 Portuguese airports where costs are rising faster than
inflation in 2024. All affected passengers have already received
schedule change notifications offering them alternative flight
times or full refunds if they prefer.
Ryanair regrets these further 10 Boeing delivery delays and expects
that these further S24 schedule changes will reduce FY March 2025
traffic to just under 200m passengers compared to an original
target of 205m. Ryanair will now work with Boeing to accept
aircraft deliveries during the peak months of Jul, Aug and Sept
2024, but given these delivery uncertainties, it will be unable to
put these aircraft on sale for peak S24.
Ryanair's Group CEO Michael O'Leary said:
"We are very disappointed at these latest Boeing delivery delays,
but we continue to work with Boeing to maximise the number of new
B737 aircraft we receive by the end of June, which we can
confidently release for sale to customers during the S24 peak. We
will now work with Boeing to take delayed aircraft deliveries
during Aug and Sept 2024 to help Boeing reduce their delivery
backlog.
We regret any inconvenience caused to some customers and our
airport partners by these enforced S24 schedule changes, which will
reduce our full year traffic growth from 184m in FY24 to between
198m to 200m in FY25. We are working with our airport partners to
deliver some growth to them, albeit later in Sept and Oct (rather
than Jul and Aug). This traffic growth can only be delivered at
lower fares during these shoulder months.
Boeing continues to have Ryanair's wholehearted support as they
work through these temporary challenges, and we are confident that
their senior management team, led by Dave Calhoun (CEO) and Brian
West (CFO), will resolve these production delays and quality
control issues in both Wichita and Seattle.
We expect these latest Boeing delivery delays, which regrettably
are beyond Ryanair's control, combined with the grounding of up to
20% of our Airbus competitors' A320 fleets in Europe, will lead to
more constrained capacity and slightly higher air fares for
consumers in Europe in Summer 2024. We therefore urge all Ryanair
customers to book early in order to secure the lowest available air
fares for Summer 2024."
ENDS
For further information
please
contact:
Ryanair Press
Office
Tel:
+353-1-9451799
press@ryanair.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: 01
March, 2024
|
By:___/s/
Juliusz Komorek____
|
|
|
|
Juliusz
Komorek
|
|
Company
Secretary
|
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