LONDON— Ryanair Holdings RYAAY -0.37% PLC said it would cut jobs and close two bases as it warned traffic growth would slow next year because of new delays in deliveries of its first Boeing Co. BA -0.97% 737 MAX aircraft.
The European budget carrier is one of Boeing’s biggest customers for the embattled jet and had expected to receive its first MAX planes this spring. However, the plane has been grounded since March after two fatal crashes and it still isn’t clear when it will resume flying.
Citing that uncertainty, Ryanair said Wednesday it had again revised its summer schedule for next year based on receiving just 10 MAX aircraft in time for the busy travel season, rather than the 20 it previously planned.
As a result, the company now expects to carry 156 million passengers in the year ending March 31, 2021, compared with the latest revised guidance for 157 million.
Excerpt from WSJ
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