Ryanair Warns of Job Losses on Boeing 737 MAX Delays
January 28 2020 - 11:09AM
Dow Jones News
By Anthony O. Goriainoff
Ryanair Holdings PLC (RYA.LN) said Tuesday that it may have to
undertake further pilot and cabin crew job losses after Boeing Co.
(BA) said that delivery of its 737 MAX aircraft has been moved back
to June or July.
The budget airline said it now expects delivery of Boeing's
troubled model in September or October at the earliest. The company
added that it had expected to have 10 aircraft from June, and that
it will now urgently revisit its summer 2020 schedule.
"Sadly, this means we cannot rule out further base cuts and
closures," Chief Executive Officer Eddie Wilson said.
Shares at 1530 GMT were up 1.1% at EUR14.86.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
January 28, 2020 10:54 ET (15:54 GMT)
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