Ryanair First Boeing 737 MAX in October

Irish prize fighter Ryanair is one of the biggest buyers of the much-teased Boeing 737 MAX. The airline would initially add the first aircraft to the fleet in April 2019, but it is expected to happen in October 2020 at the earliest, anounnced on Monday that when it released full-year financial statements.

The Boeing 737 MAX has been grounded worldwide since March last year, after two aircraft of this type crashed. All occupants were killed.

After two crashes in a short time, governments decided to stop flying the plane and the new aircraft ordered from Boeing were also not delivered. According to Ryanair, aircraft manufacturer Boeing thinks that the 737 MAX may fly again in the US at the end of the summer.

“We remain a fan of and committed to this aircraft that will change the industry,” said Ryanair. The MAX in the configuration as ordered by Ryanair has 4 percent more seats on board and consumes 16 percent less fuel than the current 737s.

In connection with the corona crisis, Ryanair wants to reduce the number of aircraft ordered. The company says it is discussing this with Boeing. Ryanair has ordered two hundred Boeing 737 MAX-200 aircraft, with an option on an additional 75 of these aircraft.

Ryanair’s parent company closed fiscal year 2020 with passenger growth of 4 percent to 149 million. The profit came to just over 1 billion euros. Revenue per passenger was 57 euros. This was mainly higher because travelers were more likely to be tempted to book additional options, such as priority boarding and a specific seat.

Ryanair expects a loss of EUR 200 million for the first quarter of the new fiscal year, from April to June. That loss should decrease after that. In addition to the Ryanair company, the Ryanair Group now also includes Buzz, which operates from Poland, Lauda (from Austria) and Malta Air.

Ryanair previously announced that it would close bases and cut its workforce by around 3,000 in connection with the corona crisis. This mainly concerns cabin employees and pilots.

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RyanairFirst Boeing 737 MAX in October - /10

Summary

Irish prize fighter Ryanair is one of the biggest buyers of the much-teased Boeing 737 MAX. The airline would initially add the first aircraft to the fleet in April 2019, but it is expected to happen in October 2020 at the earliest, revaled said on Monday when it released full-year financial statements.

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