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☆ Lufthansa's boss called delays to Boeing deliveries 'extremely annoying,' and it further highlights a growing dilemma for the aviation giant
▼ + stars: | 2024-05-13 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

The CEO of Europe's biggest airline called Boeing's delivery delays "extremely annoying." AdvertisementThe CEO of Lufthansa has become the second airline boss in recent days to voice his frustration with Boeing over delivery delays. In an interview with Swiss newspaper Neue Zuercher Zeitung published Saturday, Carsten Spohr was asked about the planemaker's delivery delays. In an interview with CNBC, Sheikh Ahmed bin Saeed Al Maktoum told Boeing to "get your act together." AdvertisementAfter announcing his resignation, Boeing CEO Dave Calhoun said the company needed to slow down production in order to focus on safety.

Persons: —, Carsten Spohr, Sheikh Ahmed bin Saeed Al Maktoum, Dave Calhoun, Al Maktoum's, Brendan Nelson, Spohr Organizations: Alaska Airlines, Boeing, Service, Lufthansa, Swiss, Neue Zuercher, Europe's, Emirates, CNBC, Boeing Global, Sky Arabia, Ryanair, United Airlines, Max, Airbus, Zuercher Zeitung, Business

☆ I flew Ryanair for the first time. It may be Europe's biggest airline, but its endless extra fees mean I'm not convinced.
▼ + stars: | 2024-05-05 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

I flew from London to Madrid with Ryanair on a ticket that started at £35 ($43.70). It got me from A to B unscathed, but I'd rather fly with another budget airline for the same price. AdvertisementWhen it comes to airlines, my friends often sing the praises of Ryanair — praising its cheap ticket prices, whether it be city breaks or visiting home. Coupled with my train journey to the airport, what started as a £35 ticket ended up costing £90. AdvertisementIf you are planning to fly with Ryanair, I hope this article will help you plan to avoid its pitfalls.

Persons: — Organizations: Ryanair, Service Locations: London, Madrid

☆ Thousands of planes have run into issues with jammed GPS signals while flying over Eastern Europe, and some people are blaming Russia
▼ + stars: | 2024-04-23 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

About 46,000 flights reported navigation problems flying over the Baltics during an eight-month period, The Sun reported. AdvertisementThousands of planes may have run into issues with jammed GPS signals, according to a report by British tabloid The Sun which suggests that Russia may be to blame. AdvertisementBoth The Sun and The Guardian reported that Russia is suspected of being involved in GPS jamming attacks. The frequency of instances of navigation problems rocketed from fewer than 50 a week last year to more than 350 a week last month, The Sun reported. But the CAA told The Independent that jamming and spoofing near conflict zones were often by-products of military activity, not deliberate actions.

Persons: —, Grant Shapps, Rishi Sunak, There's, Luc Tytgat, Glenn Bradley Organizations: Sun, Service, British, The Sun, European Union Aviation Safety Agency, Guardian, Wizz Air, Royal Air Force, CAA, Independent, UK Civil Aviation Authority, Ryanair Locations: Estonia, Latvia, Lithuania, Poland, Türkiye, Cyprus, Russia, GPSJAM.org, Sun, Baltic, Kaliningrad, Russian, Baltics, Eastern Europe, Ukraine

☆ I'm a college student studying abroad. I'm shocked at how many luxury trips my classmates take.
▼ + stars: | 2024-04-21 | by ( Katherine Borsting | ) www.businessinsider.com time to read: +5 min

I was excited to study abroad in Florence and to take small, cheap trips while abroad. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs a third-year college student attending Colorado State University in Fort Collins, I jumped at the chance to study abroad. I knew studying abroad was a privilege before getting here, but "a weekend in Dubai" was not what I expected. Traveling while studying abroad is a competitive sport with a large price tag that no one told me to train for.

Persons: I'm, —, hasn't, I've Organizations: Service, Colorado State University, Ryanair Locations: Florence, Dubai, Fort Collins, Italy, Morocco, Prague, Instagram, Copenhagen

☆ Global airlines are governed by strict 'freedoms of the air' dating back 80 years. They've created some funky routes.
▼ + stars: | 2024-04-12 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

Global airlines are governed by nine "freedoms of the air," drafted 80 years ago in 1944. The fifth freedom can give airlines a competitive edge and help capitalize on demand. "Five Freedom Agreements"Qantas flies a Boeing 787 on its fifth freedom route between Sydney and New York. Seventh FreedomThe seventh freedom is similar to the fifth freedom but takes out the limitation of where the route must start or end. Ninth FreedomAdvertisementThis cabotage freedom allows an airline of one nation to fly between two points in a separate single country.

Persons: —, Vytautas Kielaitis, Taylor Rains, Toshi, Nicolas Economou Organizations: Service, International Civil Aviation Organization, United Nations, Chicago Convention, ICAO, Chicago, European Union, Singapore Airlines, Airbus, Qantas, Google Flights, United Airlines, FAA, Emirates, Latam Airlines, Atlantic . Emirates, luxe, Forbes, Air Senegal, Boeing, Ryanair, Getty, Nice Locations: New York, Singapore, Frankfurt, Germany, Emirates, JFK, Milan, Newark, Athens, Dubai, Australian, Sydney, Auckland , New Zealand, Cebu, Philippines, Tokyo, —, Mexico City, Barcelona, Santiago, Chile, Auckland, Amsterdam, Buenos Aires, Los Angeles, Australia, Dakar, Baltimore, Ireland, Rome, Vilnius, Lithuania, Paris

☆ Boeing’s embattled CEO is poised to walk away with millions
▼ + stars: | 2024-03-26 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

Exactly how much Calhoun will receive isn’t clear yet, as it depends on how Boeing’s stock performs. According to Boeing’s most recent proxy statement, Calhoun is set to walk away with about $15 million worth of stock, cash and options in retirement. One estimate, according to Fortune, suggests Calhoun could walk away with $24 million, with the potential to collect $45.5 million more if Boeing’s stock goes up 37%. And while Muilenburg was denied severance pay, he still walked away with $80 million worth of stock and other assets. Even as the board heaped praise on Calhoun, Boeing’s own customers started sounding off about their frustrations with the leadership.

Persons: CNN Business ’, Dave Calhoun, he’ll, There’s, Calhoun, Dennis Muilenburg, Muilenburg, “, CNN’s Chris Isidore Organizations: CNN Business, New York CNN, Boeing, Ryanair, Avalon Locations: New York, America, Calhoun, Washington, South Carolina, Seattle

☆ The CEO of Ryanair says the airline would regularly find missing seat handles and tools under floorboards on Boeing planes
▼ + stars: | 2024-03-26 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

O'Leary said the company found leftover tools and missing seat handles in new Boeing planes. AdvertisementThe boss of Europe's largest airline told CNN last week that it would regularly find leftover tools under the floorboards of Boeing planes, as well as missing seat handles. "In 2022 and 2023, we were finding little things like spanners under the floorboards, in some cases, seat handles missing, things like that," O'Leary told CNN on March 20. The Ireland-based low-cost carrier only flies Boeing aircraft and is one of the aircraft manufacturers' biggest customers. Related storiesThis isn't the first time O'Leary has said there's a lack of quality control on Boeing planes.

Persons: Michael O'Leary, O'Leary, —, David Calhoun Organizations: Boeing, Ryanair, Service, CNN, Europe's, Alaska Airlines Locations: Dublin, Ireland, Seattle

☆ The CEO of budget airline Ryanair says his potential $109 million bonus is great value for shareholders compared to the money star athletes make
▼ + stars: | 2024-03-19 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

CEO Michael O'Leary is set for a $109 million bonus dependent on the company's stock price rising. He told the Journal it's "very good value for Ryanair shareholders" compared to star soccer players. AdvertisementThe CEO of ultra-low-cost airline Ryanair told The Wall Street Journal his potential $109 million bonus is "very good value" compared to star athletes. Mbappé, the captain of the French national team and arguably the best soccer player in the world, has agreed to a signing bonus of 150 million euros ($162 million) across five years with Real Madrid, the BBC reported. "The funny thing we've learned over the years is actually the bad publicity sells far more seats than the good," O'Leary told The Journal.

Persons: Michael O'Leary, —, it's, O'Leary Organizations: Ryanair, Europe's, Service, Wall Street, Financial Times, Journal, Real, French national, Real Madrid, BBC Locations: Real Madrid

☆ Meet the heavy metal-drumming CEO bringing back cheap transatlantic travel, and learning from the mistakes of his airline's failed predecessors
▼ + stars: | 2024-03-10 | by ( Pete Syme | ) www.businessinsider.com time to read: +8 min

Birgir Jónsson is the CEO of Play, an Icelandic airline offering cheap transatlantic flights. Jónsson told BI how Play keeps costs low, and how important volcanoes are to Icelandic tourism. From 2014 to 2015, he was the deputy CEO of Wow Air, an Icelandic ultra-low-cost carrier that went bankrupt in 2019. AdvertisementHis foray into the sector began as CEO of Iceland Express, which was acquired by Wow. While other airlines had to avoid the country's airspace — lengthening journey times — Play got planes at discount prices.

Persons: —, Jónsson, Icelandair, it's, York's, New Orleans —, Etienne De Malglaive, Los Angeles —, They're Organizations: Jónsson, Service, Wow, Iceland Express, Icelandic Post, Southwest, Ryanair, York's Stewart, Airbus, North, British Airways Flight, Nasdaq, Russia Locations: Icelandic, Europe, New York, London, Reykjavík, Romanian, Manhattan, Iceland, New Orleans, Eyjafjallajökull, India, Los Angeles, California, Dubai, Russia

☆ Ryanair once deleted a viral tweet about Prince William after Kensington Palace complained, says ex-head of social
▼ + stars: | 2024-03-05 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Back in 2022, it appeared to make light of social-media rumors about Prince William. Ryanair's former head of social said Kensington Palace asked for a tweet about William to be taken down. AdvertisementRyanair took down a viral X post after Kensington Palace complained, its former social media chief told the podcast "Creator Playbooks." "We actually started to put language in like 'Prince William' and all these things, and if we would have done that we were toast. Ryanair and Kensington Palace did not immediately respond to requests for comment from Business Insider.

Persons: Prince William . Ryanair's, William, —, Selena Gomez's, Prince William, Michael Corcoran, Corcoran, we're Organizations: Ryanair, Service, Irish, Business Locations: Kensington, —

☆ A major labor union said the rise in unruly airline passengers is 'deeply concerning' — after 2 fights days apart on the same Ryanair route
▼ + stars: | 2024-03-04 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

Two Ryanair flights on the same route were disrupted by fighting passengers six days apart. A major UK union has now raised its concerns with airports and airlines, per the BBC. "It's totally unacceptable that any worker has to confront threats of verbal or physical abuse," a union staffer said. AdvertisementA labor union has raised its concerns with airports and airlines about the rise in unruly passengers, the BBC reported. "The proliferation in incidents of anti-social behavior and threats towards workers at airports and on flights is deeply concerning," he said.

Persons: —, Pat McIlvogue Organizations: Ryanair, Service, BBC, Business Locations: Scotland

☆ Why checked bag fees are at record highs
▼ + stars: | 2024-03-02 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

Checked bag fees are hitting record highs as airlines up the ante. So an airline can save $75 million in tax fees off its $1 billion revenue in domestic checked-bag fees. The introduction of bag fees was also a response to the rise of low-price carriers like Spirit in the United States and Ryanair in Europe. But airlines kept the bag fees in place and even raised them in an effort to make up for the lost revenue from change fees. Bag fees have been a political punching bag.

Persons: they’ve, Gary Leff, ”, Henry Harteveldt, Blaise Waguespack, Sen, Mary Landrieu, ” Leff, Pete Buttigieg, Leff, “ Organizations: New, New York CNN, United Airlines, American Airlines, JetBlue, Alaska Airlines, Airlines, Department of Transportation, Delta SkyMiles American Express, Airlines ’, “ Airlines, Atmosphere Research, Embry, Riddle Aeronautical University, Ryanair, The Transportation Department Locations: New York, Denver, Dallas, Daytona Beach , Florida, United States, Europe

☆ Ryanair says it may have to raise fares and cut flights this summer because of Boeing
▼ + stars: | 2024-02-26 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —Ryanair may be forced to cut flights and raise fares in the peak summer season this year because crisis-hit Boeing can’t deliver the planes it promised. Until recently, Ryanair was expecting Boeing to deliver 57 Max 8-200 planes by the end of April, Reuters reported O’Leary as saying. “We don’t really know how many aircraft we’re going to get from Boeing,” he said, according to Reuters. If only 40 aircraft are delivered, Ryanair may have to “announce some minor schedule cuts” by the end of March, O’Leary was reported as saying. I think we (will) get some modest compensation out of Boeing,” O’Leary said.

Persons: Michael O’Leary, Max, O’Leary, ”, airfares, “ It’s, ” O’Leary, “, David Calhoun, Brian West Organizations: London CNN, Ryanair, Boeing, Alaska Airlines, Reuters, CNN Locations: Ryanair’s Ireland

☆ An airline CEO who uses exclusively 737s warns tickets could get more expensive due to production delays, with the FAA 'crawling all over' Boeing
▼ + stars: | 2024-02-26 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

CEO Michael O'Leary said the message he's getting from Boeing is "confusion." AdvertisementDelays with Boeing's building of planes could mean price increases for customers flying on Europe's biggest budget airline, the BBC reported. Ryanair is one of Boeing's biggest customers and exclusively uses the 737. Its CEO, Michael O'Leary, said fares could go up 10% because it won't have all the planes it ordered on time, per the BBC. This story is available exclusively to Business Insider subscribers.

Persons: Michael O'Leary, — Organizations: BBC, Boeing, FAA, Service, Ryanair, Business

☆ United Airlines is 'deeply disappointed' in Boeing over delays to new plane deliveries, as another major customer warns it needs to get its 'act together'
▼ + stars: | 2024-02-21 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. United Airlines is "deeply disappointed" in Boeing, its chief financial officer, Mike Leskinen, said during a Tuesday conference, Reuters reported. This story is available exclusively to Business Insider subscribers. "The [Boeing] management team in Seattle don't appear to have a grip on the situation at the moment," the Ryanair boss told Reuters. Boeing did not immediately respond to a request for comment from Business Insider, sent outside US working hours.

Persons: —, Mike Leskinen, Scott Kirby, Leskinen, Kirby, Max, Pete Syme, Michael O'Leary, O'Leary Organizations: Service, Boeing, United Airlines, Reuters, Business, CNBC, Citi, Airbus, Kirby, Ryanair, Federal Aviation Administration, Alaska Airlines, FAA Locations: Toulouse, France, Seattle

☆ Airlines cancel more than 1,100 flights as Nor'easter winter storm strikes
▼ + stars: | 2024-02-13 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

More than 1,000 flights have been canceled as a winter storm hits the Northeast. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAir passengers are facing severe disruption on Tuesday as the Northeast is hit by a strong winter storm. More than 1,100 flights have been canceled across the US as of 7:30 a.m. AdvertisementIf your flight is canceled then you're entitled to a full refund, but there isn't always compensation for delays.

Persons: —, It's, isn't Organizations: Service, New York Times, National Weather Service, JetBlue, Republic Airways, American, FAA, Ireland, Ryanair Locations: Boston, New York City, Southwest, Paris, Dublin, France, Indiana

☆ An airline apologized for accusing a man of disrupting a flight he wasn't even on — and snitching to his boss
▼ + stars: | 2024-02-08 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Ryanair said it "mistakenly identified" a man as disrupting a flight he wasn't on. The airline reportedly wrote to Eoin Michael Cahill's boss and put him on a no-fly list. AdvertisementRyanair has apologized in court to a man it accused of misbehaving on a flight he never boarded, according to Irish newspaper The Journal. The court heard that the following day, Cahill's boss received an email from Ryanair saying he had been "disruptive" on the flight, The Journal reported. The airline also said it would write a letter to Cahill's employers, saying its accusations were "fully withdrawn," per The Journal.

Persons: Eoin Michael Cahill's, —, Eoin Michael Cahill, Cahill, Cahill's Organizations: Ryanair, Service, Irish, Irish Independent, Irish High Court, Business Locations: Dublin, Copenhagen, Ireland, Denmark

☆ The Boeing 737 Max blowout has sparked a rare wave of public criticism from airline CEOs and the FAA, with harsh words flying about its quality control
▼ + stars: | 2024-02-06 | by ( Pete Syme | ) www.businessinsider.com time to read: +7 min

Airline CEOs have criticized Boeing in the wake of the Alaska Airlines blowout. AdvertisementThe Alaska Airlines blowout in January has subjected Boeing to a torrent of criticism from airline executives. AdvertisementFrom Boeing's biggest customer to regulators' strong words, the incident has sparked a wave of public criticism, a rarity in the aviation sector. AdvertisementAs the FAA increased its oversight of Boeing's production line, Administrator Mike Whitaker said: "The quality-assurance issues we have seen are unacceptable." Pete Buttigieg, the transportation secretary, backed the FAA's actions, saying it "is holding Boeing accountable for its production quality problems."

Persons: —, Stan Deal, Scott Kirby, United Airlines Scott Kirby, Brian Snyder United, didn't, Max, Kirby, Ben Minicucci, Minicucci, Michael O'Leary, Ryanair Michael O'Leary, Yves Herman Ireland, O'Leary, Dave Calhoun, Tim Clark, they've, Clark, Mike Whitaker, Pete Buttigieg, Win McNamee, Donald Trump, Whitaker Organizations: Boeing, Alaska Airlines, FAA, Service, Street Journal, Airplanes, United Airlines, REUTERS, CNBC, NBC, Ryanair, Financial Times, Airbus, Emirates, Transportation, Max, Federal Aviation Administration Locations: Alaska

☆ Boeing is in the ‘last chance saloon,’ says Emirates head Tim Clark
▼ + stars: | 2024-02-05 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —Tim Clark, the president of Emirates, has joined a chorus of airline executives in warning that Boeing is running out of time to restore its reputation following a series of safety and manufacturing blunders. I’m sure Dave Calhoun and Stan Deal are on that,” he added, referring to Boeing’s CEO and head of commercial airplanes respectively. Clark isn’t the first airline boss to criticize Boeing since part of the fuselage of a 737 Max 9 blew out mid-flight in early January. Clark said that for the first time Emirates would send its own engineers to observe the production process of the 777 at Boeing and its supplier Spirit AeroSystems. “The fact that we’re having to do that is testament to what has happened,” he told the Financial Times.

Persons: Tim Clark, Clark, “ They’ve, Dave Calhoun, Stan Deal, Clark isn’t, Scott Kirby, ”, “ Will, Will, they’ve, Calhoun’s, that’s, —, Michael O’Leary, Brian West Organizations: London CNN, Emirates, Boeing, Financial, ” Emirates, CNBC, Alaska Airlines, Financial Times, “ Will Boeing, Will Boeing, CNN, Ryanair — Europe’s Locations: Alaska, Dubai, Indonesia, Ethiopia, Calhoun

☆ Ryanair is buying up houses near its Dublin HQ to rent out to cabin crew while the city battles a severe housing crisis
▼ + stars: | 2024-02-02 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewEurope's biggest airline is buying up houses near its Dublin headquarters to rent out to new cabin crew, Ryanair said in a statement shared with Business Insider. This story is available exclusively to Business Insider subscribers. The move came as the capital faces a severe housing crisis that has left many unable to afford homes. "This accommodation, which is located one bus stop from Dublin Airport, will be rented at affordable rates to Ryanair cabin crew during their first year of employment," it added.

Persons: —, Ann Graves, Michael O'Leary, Ryanair's Organizations: Service, Ryanair, Business, world's, Irish, Post, Dublin Airport Locations: Dublin

☆ Ryanair Group CFO on fiscal Q3 earnings, Boeing's safety concerns and travel outlook
▼ + stars: | 2024-01-29 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRyanair Group CFO on fiscal Q3 earnings, Boeing's safety concerns and travel outlookRyanair Group CFO Neil Sorahan joins 'Squawk Box' to discuss the company's quarterly earnings results, Boeing's safety concerns, state of air travel, 2024 outlook, and more.

Persons: Neil Sorahan Organizations: Ryanair

☆ Ryanair trims annual profit forecast after travel agents halt sales
▼ + stars: | 2024-01-29 | by ( ) www.cnbc.com time to read: +2 min

Ryanair on Monday trimmed its profit forecast for the year to the end of March after some online travel agents suddenly stopped selling its flights in December, forcing it to cut fares to fill seats as costs per passenger inched up. The airline, Europe's largest by passenger numbers, forecast an after-tax profit of between 1.85 billion and 1.95 billion euros ($2 billion to $2.1 billion) for its financial year to March 31. That is down from its November forecast of 1.85 billion and 2.05 billion euros, but would still beat its previous record of 1.45 billion euros in 2018. Net profit for the three months to the end of December, the third quarter of its financial year, was 15 million euros, significantly lower than the 49 million euros expected by analysts polled by the company. The fallout from the travel agents' move is beginning to "fizzle out," Sorahan said, with several agents approaching the airline to secure new, more transparent deals.

Persons: Neil Sorahan, Sorahan, Michael O'Leary, O'Leary Organizations: Ryanair Holdings, Stansted Airport, Manchester Airport Plc, Ryanair, Boeing Locations: Stansted

☆ Europe's biggest airline said it will happily take United's 737 Max jets if the US airline doesn't want them
▼ + stars: | 2024-01-29 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewEurope's biggest airline is defending Boeing as the American manufacturer deals with the fallout from the Alaska Airlines blowout. Boeing has faced renewed scrutiny since a 737 Max 9 jet operated by Alaska Airlines lost its door plug in midair on January 5. "If United Airlines wants to delay or cancel any of their Max orders, Ryanair will be very happy to take them," he added. AdvertisementThe ultra-low-cost carrier currently has 300 Max 10 jets on order, compared to United's 150.

Persons: —, Michael O'Leary, Dave Calhoun, Brian West, " O'Leary, Scott Kirby, O'Leary, Kirby, Ryanair's O'Leary, who's, Max, he'd Organizations: Service, Boeing, Alaska Airlines, Business, Ryanair, United Airlines —, CNBC, Kirby, United Airlines Locations: American

☆ European stocks set to slip after notching two-year high; Fed and BoE meetings ahead
▼ + stars: | 2024-01-29 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

European stock markets are heading for a lower start to the week as investors prepare for a slew of earnings, data and central bank announcements. The regional Stoxx 600 climbed 3.1% last week, closing at its highest level since January 2022, according to LSEG data. Gains came amid some positive fourth-quarter company results, and as the market ramped up bets that the European Central Bank will begin cutting interest rates in April. It is a big week for earnings, with Big Tech's Microsoft, Apple, Meta, Amazon and Alphabet all set to report. In Asia-Pacific, markets traded mixed with all attention on Hong Kong's High Court ordering the liquidation of Chinese property developer Evergrande.

Organizations: European Central Bank, ECB, U.S . Federal, Bank of England, Big, Microsoft, Apple, Philips, Ryanair, Hong Locations: Europe, Asia, Pacific, Hong Kong's

☆ Ryanair CEO has ‘a lot of confidence’ in Boeing chief David Calhoun
▼ + stars: | 2024-01-29 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

“I have a lot of confidence both personally and professionally in David Calhoun and in Brian West,” Ryanair’s Michael O’Leary said Monday, referring to Boeing’s CEO and chief financial officer respectively. Calhoun — who was appointed to the top job in January 2020 as Boeing was already struggling with quality and safety issues — will unveil the planemaker’s full-year results Wednesday. Ryanair CEO Michael O'Leary, left, voiced strong support for Boeing CEO David Calhoun Monday. Partly because of this, Ryanair expects full-year profit for the current financial year to be at the lower end of a range of €1.85 billion-€1.95 billion ($2 billion-$2.1 billion) — trimming a November forecast of up to €2.05 billion ($2.2 billion). That would still be up from its previous record of €1.45 billion ($1.6 billion) earned in 2018, before the Covid-19 pandemic.

Persons: ”, David Calhoun, Brian West, Michael O’Leary, “, Calhoun —, Dennis Muilenberg, Calhoun, Michael O'Leary, Scott Kirby, Kirby, Max, ” O’Leary, we’ll, O’Leary, ” — Organizations: London CNN, Boeing, Ryanair, Lauda, United, Max, Alaska Airlines, US Federal Aviation Administration, CNBC, United Airlines, Reuters, Airbus Locations: US, Austrian, Alaska, American, Toulouse, United Kingdom, Kiwi.com, Europe

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