Stock Groups

Ryanair says Boeing risks ceding European low-cost market to Airbus By Reuters


© Reuters. FILE PHOTO. A Ryanair Boeing 737-880 plane approaches Paris-Beauvais, France on September 27, 2018. REUTERS/Christian Hartmann

LONDON (Reuters) – Ryanair on Tuesday warned that Boeing (NYSE:) risked forgoing the main driver of growth in Europe, low-cost airlines, to rival Airbus unless it reversed a recent price increase.

The U.S. planemaker ended negotiations with Europe’s biggest low-cost carrier this month over an order for larger 737 MAX 10 aircraft. This was due to price differences.

Ryanair Group chief executive Michael O’Leary stated that Europe’s low-cost carriers would drive demand for Airbus A320 family planes, not Boeing. If Ryanair does not cut its prices or make a deal with Ryanair.

The comments were made in a reply to a Reuters article which quoted a Boeing executive as saying that low-cost carriers would be the key to growth.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. Instead, they are determined by marketmakers. As such, the prices might not reflect market conditions and could be incorrect. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Trading the financial markets is the most risky investment form. Please make sure you are fully aware of all the costs and risks involved.