Share Name Share Symbol Market Type Share ISIN Share Description
Ryanair Holdings Plc LSE:RYA London Ordinary Share IE00BYTBXV33 ORD EUR0.006
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.04 -0.26% 15.49 15.545 15.56 15.825 15.41 15.70 2,556,376 16:35:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 7,697.4 948.1 77.4 20.0 17,363

Ryanair Warns of Job Losses, Base Closures Amid Boeing MAX Delays

04/12/2019 12:48pm

Dow Jones News


Ryanair (LSE:RYA)
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   By Adria Calatayud 
 

Ryanair Holdings PLC (RY4C.DB) warned Wednesday that it will cut jobs and close two further bases as delays in Boeing Co. (BA) 737 MAX aircraft are expected to slow its traffic growth.

The budget carrier said it will close its bases in Nuremberg, Germany, and Sweden's Stockholm Skavsta airport and cut summer capacity in a number of other existing bases.

Ryanair said it has revised its schedule for the 2020 season based on receiving 10 MAX aircraft rather than 20 as planned. As a result, the company now expects carry 156 million passengers in the year ending March 31, 2021 compared with 157 million previously.

"We are continuing to work with Boeing, our people, our unions and our affected airports to minimize these capacity cuts and job losses," Ryanair DAC Chief Executive Eddie Wilson said.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

(END) Dow Jones Newswires

December 04, 2019 07:33 ET (12:33 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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