By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

News Junction

Notification Show More
Font ResizerAa
  • Home
  • World News
    World NewsShow More
    Vatican could be a venue for Russia-Ukraine talks, Rubio says, after pope renews an offer to help
    Vatican could be a venue for Russia-Ukraine talks, Rubio says, after pope renews an offer to help
    May 17, 2025
    He voted for Trump, twice. Now he wants to take down MAGA and the “pathetic” Tommy Tuberville
    He voted for Trump, twice. Now he wants to take down MAGA and the “pathetic” Tommy Tuberville
    May 17, 2025
    Singapore ranks as world’s 3rd happiest city, after Copenhagen and Zurich
    Singapore ranks as world’s 3rd happiest city, after Copenhagen and Zurich
    May 17, 2025
    Guide to Pope Leo XIV’s inauguration
    Guide to Pope Leo XIV’s inauguration
    May 17, 2025
    ‘He’s the chosen one’: Meet the 14-year-old British boxer now fighting for Bahrain | World News
    ‘He’s the chosen one’: Meet the 14-year-old British boxer now fighting for Bahrain | World News
    May 17, 2025
  • Business
    BusinessShow More
    Ukraine blows up bridges to consolidate its positions in Russia
    Ukraine blows up bridges to consolidate its positions in Russia
    August 18, 2024
    Commentary: AI phones from Google and Apple will erode trust in everything
    Commentary: AI phones from Google and Apple will erode trust in everything
    August 18, 2024
    The most famous Indian Dishes – Insights Success
    The most famous Indian Dishes – Insights Success
    August 18, 2024
    Life on the road as a female long rides cyclist
    Life on the road as a female long rides cyclist
    August 18, 2024
    UK inflation rises to 2.2%
    UK inflation rises to 2.2%
    August 18, 2024
  • Cryptocurrency
    CryptocurrencyShow More
    Slots player hits 3.6m USDT jackpot on Gates of Sportsbet.io
    Slots player hits 3.6m USDT jackpot on Gates of Sportsbet.io
    May 17, 2025
    XRP Price Completes Wave A As Price Dips To .36, What’s Next For Wave B And C?
    XRP Price Completes Wave A As Price Dips To $2.36, What’s Next For Wave B And C?
    May 17, 2025
    ETH, DOGE, XRP Down 3% as Moody’s Downgrades U.S. Credit Rating
    ETH, DOGE, XRP Down 3% as Moody’s Downgrades U.S. Credit Rating
    May 17, 2025
    BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX
    BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX
    May 17, 2025
    Altcoins are on the verge of ‘most powerful rally’ since 2017 — Analyst
    Altcoins are on the verge of ‘most powerful rally’ since 2017 — Analyst
    May 17, 2025
  • Technology
    TechnologyShow More
    How to Improve Your Spotify Recommendations
    How to Improve Your Spotify Recommendations
    August 18, 2024
    X says it’s closing operations in Brazil
    X says it’s closing operations in Brazil
    August 18, 2024
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    August 18, 2024
    Scientists Want to See Videos of Your Cat for a New Study
    Scientists Want to See Videos of Your Cat for a New Study
    August 18, 2024
    OpenAI’s new voice mode let me talk with my phone, not to it
    OpenAI’s new voice mode let me talk with my phone, not to it
    August 18, 2024
  • Entertainment
  • Sports News
  • People
  • Trend
Reading: Ryanair’s CEO once called Boeing’s leadership ‘headless chickens.’ Now he wants to buy the Max jets that U.S. airlines don’t
Share
Font ResizerAa

News Junction

  • World News
  • Business
  • Technology
  • Cryptocurrency
  • Trend
  • Entertainment
Search
  • Recent Headlines in Entertainment, World News, and Cryptocurrency – NewsJunction
  • World News
  • Business
  • Cryptocurrency
  • Technology
  • Entertainment
  • Sports News
  • People
  • Trend
Have an existing account? Sign In
Follow US
News Junction > Blog > Business > Ryanair’s CEO once called Boeing’s leadership ‘headless chickens.’ Now he wants to buy the Max jets that U.S. airlines don’t
Ryanair’s CEO once called Boeing’s leadership ‘headless chickens.’ Now he wants to buy the Max jets that U.S. airlines don’t
Business

Ryanair’s CEO once called Boeing’s leadership ‘headless chickens.’ Now he wants to buy the Max jets that U.S. airlines don’t

Published January 30, 2024
Share
6 Min Read
SHARE

Ryanair CEO Michael O’Leary called Boeing’s management “headless chickens” in May 2022, but now he says: “They are doing a good job. They are turning that company around.”

Contents
Airlines’ anger with BoeingBoeing flights resume

In fact, Ryanair is interested in purchasing unwanted Boeing 737 Max 10 aircraft from United Airlines, O’Leary said in Ryanair’s third-quarter earnings presentation Monday.

“If United Airlines wants to delay or cancel any of their Max Boeing 737 orders, Ryanair would be very happy to take them,” he said. 

The CEO expressed belief in Boeing following inspections of the Max aircraft recently grounded after a door flew off an Alaska Airlines model that had just taken off. “I think safety is their number one byword,” O’Leary said on the call. “I have a lot of confidence both personally and professionally in [Boeing CEO] David Calhoun and in [CFO] Brian West.”

Ryanair clipped its after-tax profit forecast for the year at the end of March to between 1.85 billion and 1.95 billion euros ($2 billion to $2.1 billion), down from 1.85 billion to 2.05 billion euros, citing higher productivity pay and lower load factors. The airline needed to drop prices and fill seats in December after travel sites such as Booking.com, Kiwi, and Kayak removed Ryanair flights from their websites, which CFO Neil Sorahan said contributed to a lower load factor.

O’Leary said Ryanair was also impacted by Boeing production delays. They were originally contracted to receive 57 aircraft.

“We are pushing very hard with the entire Boeing team to ensure we get at least 50 aircrafts by the end of June,” O’Leary said.

Airlines’ anger with Boeing

Ryanair has at times kept faith with Boeing after past crises. In December 2020, Ryanair bought 75 Boeing Max jets, the manufacturer’s largest order since a March 2019 grounding and two fatal crashes that killed 346 people. Traders said Ryanair could have gotten a discount of 50% off listed prices, though Ryanair did not disclose the price of the 2020 deal.

But the discount airline has not always supported its sole supplier through tough times. Ryanair experienced aircraft delivery delays from Boeing before, including the May 2022 delays that prompted the “headless chicken” comment. In September 2021, Ryanair publicly confronted Boeing about the aerospace giant not agreeing to Ryanair’s named price on an order of 737 Max 8 jets.

His American counterparts at both Alaska Airlines and United Airlines have been outright angry over Boeing’s manufacturing issues. United Airlines CEO Scott Kirby said that Boeing needs to take “real action” to improve quality, while his airline revealed on Jan. 22 that they expect to lose money in the first quarter owing to Boeing 737 Max 9 groundings. Alaska Airlines demanded a minimum $150 million reimbursement in losses from Boeing after a door plug flew off Alaska’s Flight 1282 Boeing 737 Max 9 aircraft on Jan. 5, and CEO Ben Minicucci said the airline found many additional loose bolts on other grounded 737 aircraft. “I am more than frustrated and disappointed. I am angry,” Minicucci said in a NBC Nightly News interview that aired Tuesday.

Southwest Airlines also has grievances against Boeing. It took 737 Max 7 planes out of its fleet plans because of Boeing’s supply-chain issues and certification delays by the Federal Aviation Administration. It expects to receive 79 of the 85 originally contracted aircraft.

Boeing flights resume

After a month of disasters, Boeing 737 Max 9 aircraft are able to get off the ground again.

United Airlines resumed Max 9 flights on Saturday, and Alaska Airlines cleared some Max 9 flights on Friday afternoon following inspections.

Delivery delays are exacerbated by the FAA’s freeze on Boeing 737 Max production increases, which prevents the manufacturer from growing its output of its bestselling aircraft past 38 jets per month, a Boeing spokesperson told Fortune. A Bank of America Securities report released Monday underlined the impact the production increase freeze and delays could have on Boeing, as customers begin to look elsewhere for aircraft. 

“We think it is unlikely that customers will break their contracts and cancel orders (as this would result in a charge to the customer); however, we do think that these customers may use the delay as a reason to look elsewhere for future aircraft needs,” analysts wrote.

Ryanair reiterated Thursday that it supports the FAA’s freeze and that the production increase halt would not further delay deliveries to Ryanair.

“Ryanair also welcomes the FAA’s decision to postpone Boeing’s proposed monthly production rate increase, which will allow Boeing the time and space to improve quality control of the aircraft it currently manufactures,” Ryanair said in a statement to Reuters.

Subscribe to the CFO Daily newsletter to keep up with the trends, issues, and executives shaping corporate finance. Sign up for free.

#Ryanairs #CEO #called #Boeings #leadership #headless #chickens #buy #Max #jets #U.S #airlines #dont

TAGGED:AirlinesBoeingsbuycalledCEOchickensDontheadlessJetsleadershipMaxRyanairsU.S
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Super Bowl flights added by airlines with nods to Taylor Swift and Travis Kelce Super Bowl flights added by airlines with nods to Taylor Swift and Travis Kelce
Next Article Qatar says Gaza truce proposal to be sent to Hamas as war rages on, UNRWA dispute escalates Qatar says Gaza truce proposal to be sent to Hamas as war rages on, UNRWA dispute escalates
- Advertisement -

Latest Post

Vatican could be a venue for Russia-Ukraine talks, Rubio says, after pope renews an offer to help
Vatican could be a venue for Russia-Ukraine talks, Rubio says, after pope renews an offer to help
World News
Slots player hits 3.6m USDT jackpot on Gates of Sportsbet.io
Slots player hits 3.6m USDT jackpot on Gates of Sportsbet.io
Cryptocurrency
He voted for Trump, twice. Now he wants to take down MAGA and the “pathetic” Tommy Tuberville
He voted for Trump, twice. Now he wants to take down MAGA and the “pathetic” Tommy Tuberville
World News
XRP Price Completes Wave A As Price Dips To .36, What’s Next For Wave B And C?
XRP Price Completes Wave A As Price Dips To $2.36, What’s Next For Wave B And C?
Cryptocurrency
ETH, DOGE, XRP Down 3% as Moody’s Downgrades U.S. Credit Rating
ETH, DOGE, XRP Down 3% as Moody’s Downgrades U.S. Credit Rating
Cryptocurrency
Singapore ranks as world’s 3rd happiest city, after Copenhagen and Zurich
Singapore ranks as world’s 3rd happiest city, after Copenhagen and Zurich
World News
- Advertisement -

You Might Also Like

Huya gains as cost controls boost profits, company launches buyback (NYSE:HUYA)
Business

Huya gains as cost controls boost profits, company launches buyback (NYSE:HUYA)

August 15, 2023
President Ruto sets new Eurobond buyback date as maturity looms
Business

President Ruto sets new Eurobond buyback date as maturity looms

February 1, 2024
XRP’s Epic Battle Against Bears, Solana Breaks 0, While Ethereum Fights for Momentum By U.Today
Business

XRP’s Epic Battle Against Bears, Solana Breaks $100, While Ethereum Fights for Momentum By U.Today

February 3, 2024
China to lift tariffs on Australian barley as trade ties improve By Reuters
Business

China to lift tariffs on Australian barley as trade ties improve By Reuters

August 4, 2023

About Us

NEWS JUNCTION (NewsJunction.xyz) Your trusted destination for global news. Stay informed with our timely and accurate reporting on diverse topics, including politics, technology, science, entertainment, sports, and more. Count on us for unbiased and reliable updates at your fingertips.

Quick Link

  • About
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • Contact

Top Categories

  • World News
  • Business
  • Technology
  • Entertainment
  • Cryptocurrency
  • Sports News
  • Trend
  • People

Subscribe

Subscribe to our newsletter to get our newest articles instantly!

    © 2023 News Junction.
    • Blog
    • Advertise
    • Contact
    Welcome Back!

    Sign in to your account

    Username or Email Address
    Password

    Lost your password?