Ryanair cut its passenger target for March 2026 from 215M to 210M due to Boeing delays. Profits fell 18% to 1.79B euros as fares dropped, though CEO Michael O'Leary says declines are easing. Ongoing Boeing strikes may further impact deliveries.
Ryanair revised its passenger growth target for March 2026 down from 215 million to 210 million due to delays in Boeing's 737 MAX deliveries, a move anticipated in recent Reuters reports. Shares dipped 3.1% following the announcement, trading at 17.47 euros.
In its latest six-month report to September, Ryanair posted a 1.79 billion euro profit, an 18% decline year-over-year as average fares fell 10%.
CEO Michael O’Leary noted that fare drops are slowing, with only modest reductions expected in the current quarter. CFO Neil Sorahan explained that fare weakness was due to high interest rates and a temporary halt in ticket sales by some travel agencies, which has largely been resolved.
Looking forward, Sorahan is optimistic that tighter market capacity and possibly lower interest rates may support fare stability next year. The revised forecast assumes Boeing will deliver just 15 of the 29 aircraft expected by next summer, affected by ongoing strike issues. Analyst Dudley Shanley noted that, while Ryanair’s outlook may improve this fiscal year, reduced passenger targets for FY26 could impact income projections.
A fire on a British Airways Boeing 777 at Gatwick Airport last June was caused by a co-pilot mixing up his left and right hands during take-off, according to a report by the UK’s Air Accidents Investigation Branch (AAIB).
The European Union is expected to announce new tariff counter-measures on Thursday targeting U.S. aerospace exports, including Boeing jets, in response to escalating trade tensions with Washington.
China has ordered its airlines to suspend further deliveries of Boeing jets in response to the United States' decision to impose 145% tariffs on Chinese goods, according to a Bloomberg News report on Tuesday.
Boeing has indicated that it needs more aircraft orders from India before considering setting up a commercial jet assembly line in the country, tempering government expectations.
Uzbekistan’s flag carrier has announced airline’s plan to purchase a dozen of aircrafts from Boeing and Airbus, marking a significant milestone in upgrading and expanding its fleet.
Azerbaijan’s ongoing demining efforts in territories liberated following the 2020 Karabakh conflict have resulted in the detection and neutralization of 23 anti-tank mines, 36 anti-personnel mines, and 377 unexploded ordnance (UXO) between May 12 and 18, according to the ANAMA.
The Organization of Turkic States (OTS) stands as a significant intergovernmental body fostering cooperation among Turkic-speaking countries across Eurasia.
As the 2025 IIHF World Championship enters its decisive final phase, playoff contenders emerged, survival hopes flickered, and some teams fell to the edge of elimination on a high-stakes Day 11 of tournament action.
Start your day informed with AnewZ Morning Brief: here are the top news stories for May 20th, covering the latest developments you need to know.
The Informal Summit of the Heads of State of the Organization of Turkic States (OTS) will take place from May 20 to 21 in Budapest, Hungary, marking a historic first as the summit convenes in an Observer State.
Ukrainian President Volodymyr Zelenskyy met Turkish President Recep Tayyip Erdogan in Ankara on May 15, with discussions reportedly focusing on upcoming peace talks between Ukrainian and Russian delegates in Istanbul.
Israeli Prime Minister Benjamin Netanyahu said the war in Gaza will not stop until Hamas is destroyed, following the release of US-Israeli soldier Edan Alexander.
Qatar signed a landmark agreement with U.S. aerospace giant Boeing on Wednesday to acquire 160 aircraft for Qatar Airways, a deal valued at $200 billion. The signing took place in Doha during the visit of U.S. President Donald Trump.
Ukrainian and Russian delegations meet behind closed doors at Istanbul’s Dolmabahçe Palace at 10:00 local time today to explore security guarantees, territorial integrity and a possible ceasefire.
EU approves 17th Russia sanctions, blacklisting almost 200 shadow‑fleet ships, 30 evasion firms and 75 defence figures, banning missile chemicals and arming Brussels to strike Kremlin hybrid and operations.
European and global markets opened cautiously on Tuesday as investors digest a mix of geopolitical developments and await clarity on stalled trade negotiations ahead of the July deadline for the reactivation of U.S. tariffs.
Asian markets began the week on a cautious note Monday as softer-than-expected Chinese retail sales data and growing uncertainty over U.S. economic and trade policy pressured sentiment across global equities and currency markets.
Kazakhstan is taking concrete steps toward the development of its first nuclear power plant, with the country now in the pre-project phase, according to Rinat Okasov, Deputy Director General of Kazakhstan Nuclear Power Plants LLP (KAEŞ).
Germany's finance ministry is pushing forward with its 2025 and 2026 budget plans, focusing on fiscal savings while addressing security and economic challenges, according to a recent government document.
Finance leaders from the Group of Seven democracies will strive for a show of unity when they meet this week on topics other than U.S. President Donald Trump's tariffs, including economic security, Ukraine and artificial intelligence cooperation.
Azerbaijan’s ongoing demining efforts in territories liberated following the 2020 Karabakh conflict have resulted in the detection and neutralization of 23 anti-tank mines, 36 anti-personnel mines, and 377 unexploded ordnance (UXO) between May 12 and 18, according to the ANAMA.
The Organization of Turkic States (OTS) stands as a significant intergovernmental body fostering cooperation among Turkic-speaking countries across Eurasia.
As the 2025 IIHF World Championship enters its decisive final phase, playoff contenders emerged, survival hopes flickered, and some teams fell to the edge of elimination on a high-stakes Day 11 of tournament action.
Start your day informed with AnewZ Morning Brief: here are the top news stories for May 20th, covering the latest developments you need to know.
The Informal Summit of the Heads of State of the Organization of Turkic States (OTS) will take place from May 20 to 21 in Budapest, Hungary, marking a historic first as the summit convenes in an Observer State.
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