Boeing delays could hit ticket prices in Europe
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 26 February 2024
⏱️ 6 minutes
🧾️ Download transcript
Summary
From the BBC World Service: Europe’s biggest low cost airline, Ryanair, is warning of a 10% rise in ticket prices this summer because delayed deliveries of new aircraft from Boeing could affect capacity. We’ll discuss. Plus, how is Russia’s economy faring after two years of sanctions? Then, we’ll discuss the death of Zong Qinghou, the billionaire beverage magnate who was China’s richest man.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Aircraft delivery delays, well, the consumer is going to have to pay. |
| 0:05.0 | Hello, you're listening to the Marketplace Morning Report, live from the BBC World Service. |
| 0:09.0 | I'm Leanna Byrne and a very good morning to you. |
| 0:12.0 | Now, one of Europe's biggest carriers is warning of a 10% ticket price rise this summer |
| 0:17.1 | because Boeing hasn't delivered its new planes on time. |
| 0:20.4 | Ryanair's boss Michael O'Leary says he's looking for compensation because of the delays. |
| 0:25.2 | The BBC's Katie Silver is across this one. |
| 0:27.6 | Hi Katie. |
| 0:28.6 | Hi there. |
| 0:29.6 | Katie, is this a supply and demand problem where, because there isn't the supply of the airplanes therefore the price is going to go up? |
| 0:37.0 | Yeah, so that's exactly what they've said. |
| 0:39.0 | So I've heard from the chief executive of Ryan Air Michael O'Leary. |
| 0:42.6 | And he said that basically they had expected about 57 different Boeing 737 maxes to be delivered |
| 0:48.4 | in time for the summer season. |
| 0:50.1 | Now they're revising this down saying they're only going to get 40 to 45. |
| 0:54.0 | That delayed delivery of the planes is basically going to constrain capacity for passengers |
| 0:59.2 | and altogether push prices up. |
| 1:01.2 | So we've seen, for example, Ryanair revising down their |
| 1:04.2 | forecasts for the number of passengers they're going to be able to take this year |
| 1:06.9 | from 2005 million down to about 200 million. And of course this all comes at a |
| 1:11.0 | very tricky time for Boeing. |
| 1:13.0 | It's not the first time prices have gone up for that airline. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.