President Joe Biden gave his approval to the Federal Aviation Administration (FAA) Reauthorization Act in a bid to improve airline passenger experience and improve air travel safety standards.
Ryanair Holdings shares surge on Boeing's 40-jet delivery promise by mid-July, aligning with CEO O'Leary's statement. Ryanair anticipates 35 planes by June's end and 5 more in early July.
While facing challenges with rising costs and profit decline in Q3, Ryanair remains optimistic about its FY24 outlook. The company anticipates traffic growth and maintains firm orders for 150 MAX 10 jets, signaling its commitment to expansion despite near-term obstacles
Companies Reporting Before The Bell
• Koninklijke Philips (NYSE:PHG) is expected to report quarterly earnings at $0.63 per share on revenue of $5.79 billion.
We continue to target approx. 183.5m FY24 traffic (+9%), despite slightly lower Q3 load factors and Boeing delivery delays. As a result of these lower load factors and higher productivity pay (recently agreed with