Ryanair shares are sliding, reports confirm today.
Ryanair shares have slumped after the company said it would cut passenger traffic estimates for next year.
Chief executive Michael O’Leary blamed uncertainty over how many aircraft it would receive from Boeing.
The discount airline’s stock dropped 2%.
Mr O’Leary told Reuters the company was supposed to get 20 deliveries by the end of December, but they would now come in January and February.
“That’s fine,” he said. “We’ll have them in time for next summer.
“The big issue for Ryanair is we’re due 30 aircraft in March, April, May and June of next year, and how many of those will we get?
“I think we’re clearly going to walk back our traffic growth for next year because I don’t think we’re going to get all those 30 aircraft.”
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