Ryanair Holdings plc (NASDAQ:RYAAY) shares are trading higher premarket today.
The company expects Boeing Co (NYSE:BA) to deliver 40 new jets by mid-July, Chief Executive Michael O’Leary said, aligning with a previously adjusted schedule, reported Reuters.
O’Leary revealed during a press briefing in Rome that Ryanair anticipates receiving 35 planes from Boeing by June’s end, with an additional five expected in the first half of July, as per the report.
The airline initially awaited 57 Boeing MAX 8200 planes by April’s conclusion. However, complications at Boeing necessitated a downward revision, with only 40 jets slated for delivery by June’s end, as per Ryanair’s March statement.
Despite plans to resume flights to Tel Aviv on June 3, Ryanair remains vigilant about safety concerns and is prepared to reassess if conditions aren’t deemed secure.
Price Action: RYAAY shares are trading higher by 2.39% at $139.05 in premarket on the last check Wednesday.
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