NewsWhats happening

News

Ryanair Cuts Traffic Growth Target on Boeing Delivery Delays

The airline has cut the target for a second time to 206 million passengers


Ryanair said it expects to fly fewer passengers than hoped in fiscal 2026, cutting its passenger growth target yet again, due to Boeing plane delivery delays.

The Irish budget airline said Monday that although the production of Boeing 737 planes was recovering from the strikes of last year, the U.S. plane maker wasn’t expected to deliver enough aircraft to meet Ryanair’s fiscal 2026 passenger growth goal.

The company cut its target for a second time to 206 million passengers. It had trimmed its passenger growth guidance in early November to 210 million from 215 million and warned at the time that the risk of further delivery delays from Boeing remained high.

The company flew 183.7 million passengers in the year to March 2024. It said it expects to fly almost 200 million passengers in fiscal 2025.

Ryanair said it hoped the delivery of 29 remaining Boeing Gamechangers before March of next year would allow it to recoup its delayed traffic growth in summer 2026. The company had 172 Boeing Gamechangers in its fleet as of the end of December, out of an order of 210.

Excerpt from WSJ
Read the full article

Airbus to Move Ahead With 2,000 Job Cuts at Struggling Defense and Space Business

The cuts in all amount to around 5% of its defense and space division workforce and will predominately take place in Germany, France and the U.K.

Airbus said it would push ahead with plans to cut around 2,000 positions at its embattled defense and space division, targeting mostly management support roles as it seeks to rein in costs.

The European aircraft maker on Thursday said it would cut 2,043 jobs, around 5% of the division’s workforce, fewer than the up to 2,500 positions Airbus had initially sought to eliminate two months ago.

Airbus’s defense and space division, responsible for making satellites, spacecraft, jet fighters and drones, has been navigating a challenging few months lately.

Excerpt from WSJ
Read the full article

 

Client Log In

Past Issues

Breaking News - Avmark Newsletter