Boeing Engineer Opens Up: ‘My Family Won't Fly on a 737 Max’

Brexit and intense competition squeezed Ryanair in the three months to June

Brexit and intense competition squeezed Ryanair in the three months to June

Revenue per passenger was flat at €55 during the period.

WestJet nonetheless beat analysts' expectations with a 380 per cent profit increase year over year to $44.3 million last quarter, as a boost in passengers bumped up revenue 11 per cent to $1.21 billion.

The Chicago-based company also said the Max-related fallout will cut nearly €5bn from its revenue and pre-tax earnings in the quarter April to June.

Ryanair said its two weakest markets were Germany, because of competition from the low-priced capacity Lufthansa obtained from defunct airberlin, and the United Kingdom, "where Brexit concerns weigh negatively on consumer confidence and spending".

Ryanair said the delivery of its first Boeing 737-MAX aircraft has been delayed from the first quarter to "probably January at the earliest".

US, China to meet as Beijing considers digital currency
Still, Trump has so far failed to secure a deal with Chinese counterpart Xi Jinping despite successive rounds of talks. Face-to-face trade talks will restart on Tuesday and it is hoped the goodwill will be reciprocated by the U.S. side".

Shares of Europe's largest low-priced carrier have almost halved in value in two years as the corporate grappled with overcapacity in Europe, Britain's plans to leave the European Union and, most recently, delays in delivery of the Boeing 737 MAX. He added: "The current weak fare environment has continued into Q2 and we expect first-half fares to be down approximately 6 per cent". Ryanair has ordered 135 of 737 Max models and said delays on their delivery has meant it had already had to scrap 30,000 planned flights in 2020.

"We expect traffic to grow by 7% to over 152mln, slightly less than the 153mln previously guided due to the Boeing Max delivery delays", the company said.

O'Leary issued his warning on jobs as the airline reported a 24% drop in quarterly profits, with its 737 woes compounded by price wars in several European markets.

Ryanair chief executive Michael O'Leary said if unless Boeing "gets its shit together" in getting the aircraft approved for service again then he may have to close some Ryanair bases and make staff redundant.

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