Following recent events concerning the Boeing 737MAX and their grounding, Ryanair has forecast a decrease in its growth for 2020. Indeed, during a conference, Ryanair presented a 21% drop in profits in the third quarter. The head of the Irish company imagines the possibility of a year 2020 without an order for the 737MAX if Boeing does not do the necessary. “I am concerned that the return to service date will continue to move away,” said Micheal O’Leary, concerned about the return to service of the 737MAX.
As far as current orders are concerned, Ryanair was expecting 58 single-aisle aircraft for the summer of 2020, but this forecast has been revised downwards and now only forecasts MAX 30,737. It could be 20, which would further reduce our growth, even 10, or even zero if Boeing does not recover very quickly,” the CEO added.