Ryanair, Europe's largest budget airline, warned that profit would be dented this year by the global grounding of Boeing 737 MAX jets
LONDON—Ryanair Holdings PLC, Europe’s biggest budget airline and the region’s largest customer for Boeing Co.’s 737 MAX jets, warned profit would be dented this year by the plane’s global grounding.
The Irish carrier said Monday it faces higher-than-expected costs because of the suspension of MAX deliveries after the jet suffered two fatal crashes in Indonesia and Ethiopia in less than five months. Ryanair was due to receive its first MAX planes this spring, which would have provided more seats and greater fuel efficiency....
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