• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
FinanceAviation

Ryanair’s CEO once called Boeing’s leadership ‘headless chickens.’ Now he wants to buy the Max jets that U.S. airlines don’t

Sasha Rogelberg
By
Sasha Rogelberg
Sasha Rogelberg
Reporter
Down Arrow Button Icon
Sasha Rogelberg
By
Sasha Rogelberg
Sasha Rogelberg
Reporter
Down Arrow Button Icon
January 29, 2024, 4:02 PM ET
Ryanair CEO Michael O'Leary is sitting cross-legged in front of a checkered Ryanair background.
Ryanair CEO Michael O’Leary said in the airline’s third-quarter earnings presentation on Monday that he had “a lot of confidence” in Boeing.Pier Marco Tacca—Getty Images
Add Fortune on Google for similar content.

Ryanair CEO Michael O’Leary called Boeing’s management “headless chickens” in May 2022, but now he says: “They are doing a good job. They are turning that company around.”

In fact, Ryanair is interested in purchasing unwanted Boeing 737 Max 10 aircraft from United Airlines, O’Leary said in Ryanair’s third-quarter earnings presentation Monday.

“If United Airlines wants to delay or cancel any of their Max Boeing 737 orders, Ryanair would be very happy to take them,” he said. 

The CEO expressed belief in Boeing following inspections of the Max aircraft recently grounded after a door flew off an Alaska Airlines model that had just taken off. “I think safety is their number one byword,” O’Leary said on the call. “I have a lot of confidence both personally and professionally in [Boeing CEO] David Calhoun and in [CFO] Brian West.”

Ryanair clipped its after-tax profit forecast for the year at the end of March to between 1.85 billion and 1.95 billion euros ($2 billion to $2.1 billion), down from 1.85 billion to 2.05 billion euros, citing higher productivity pay and lower load factors. The airline needed to drop prices and fill seats in December after travel sites such as Booking.com, Kiwi, and Kayak removed Ryanair flights from their websites, which CFO Neil Sorahan said contributed to a lower load factor.

O’Leary said Ryanair was also impacted by Boeing production delays. They were originally contracted to receive 57 aircraft.

“We are pushing very hard with the entire Boeing team to ensure we get at least 50 aircrafts by the end of June,” O’Leary said.

Airlines’ anger with Boeing

Ryanair has at times kept faith with Boeing after past crises. In December 2020, Ryanair bought 75 Boeing Max jets, the manufacturer’s largest order since a March 2019 grounding and two fatal crashes that killed 346 people. Traders said Ryanair could have gotten a discount of 50% off listed prices, though Ryanair did not disclose the price of the 2020 deal.

But the discount airline has not always supported its sole supplier through tough times. Ryanair experienced aircraft delivery delays from Boeing before, including the May 2022 delays that prompted the “headless chicken” comment. In September 2021, Ryanair publicly confronted Boeing about the aerospace giant not agreeing to Ryanair’s named price on an order of 737 Max 8 jets.

His American counterparts at both Alaska Airlines and United Airlines have been outright angry over Boeing’s manufacturing issues. United Airlines CEO Scott Kirby said that Boeing needs to take “real action” to improve quality, while his airline revealed on Jan. 22 that they expect to lose money in the first quarter owing to Boeing 737 Max 9 groundings. Alaska Airlines demanded a minimum $150 million reimbursement in losses from Boeing after a door plug flew off Alaska’s Flight 1282 Boeing 737 Max 9 aircraft on Jan. 5, and CEO Ben Minicucci said the airline found many additional loose bolts on other grounded 737 aircraft. “I am more than frustrated and disappointed. I am angry,” Minicucci said in a NBC Nightly News interview that aired Tuesday.

Southwest Airlines also has grievances against Boeing. It took 737 Max 7 planes out of its fleet plans because of Boeing’s supply-chain issues and certification delays by the Federal Aviation Administration. It expects to receive 79 of the 85 originally contracted aircraft.

Boeing flights resume

After a month of disasters, Boeing 737 Max 9 aircraft are able to get off the ground again.

United Airlines resumed Max 9 flights on Saturday, and Alaska Airlines cleared some Max 9 flights on Friday afternoon following inspections.

Delivery delays are exacerbated by the FAA’s freeze on Boeing 737 Max production increases, which prevents the manufacturer from growing its output of its bestselling aircraft past 38 jets per month, a Boeing spokesperson told Fortune. A Bank of America Securities report released Monday underlined the impact the production increase freeze and delays could have on Boeing, as customers begin to look elsewhere for aircraft. 

“We think it is unlikely that customers will break their contracts and cancel orders (as this would result in a charge to the customer); however, we do think that these customers may use the delay as a reason to look elsewhere for future aircraft needs,” analysts wrote.

Ryanair reiterated Thursday that it supports the FAA’s freeze and that the production increase halt would not further delay deliveries to Ryanair.

“Ryanair also welcomes the FAA’s decision to postpone Boeing’s proposed monthly production rate increase, which will allow Boeing the time and space to improve quality control of the aircraft it currently manufactures,” Ryanair said in a statement to Reuters.

About the Author
Sasha Rogelberg
By Sasha RogelbergReporter
LinkedIn iconTwitter icon

Sasha Rogelberg is a reporter and former editorial fellow on the news desk at Fortune, covering retail and the intersection of business and popular culture.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Finance

Japanese Prime Minister Sanae Takaichi and U.S. President Donald Trump sit in the Oval Office.
Economynational debt
The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it’s still worse somehow
By Sasha RogelbergJuly 23, 2026
32 minutes ago
Current price of gold as of July 23, 2026
Personal Financegold prices
Current price of gold as of July 23, 2026
By Danny BakstJuly 23, 2026
2 hours ago
MoonPay launches universal AI shopping wallet for non-technical Claude and ChatGPT consumers
CryptoAI agents
MoonPay launches universal AI shopping wallet for non-technical Claude and ChatGPT consumers
By Jeff John RobertsJuly 23, 2026
3 hours ago
AI coding company Cursor, soon to be acquired by SpaceX, expands its CFO council
NewslettersCFO Daily
AI coding company Cursor, soon to be acquired by SpaceX, expands its CFO council
By Sheryl EstradaJuly 23, 2026
3 hours ago
ServiceNow CEO Bill McDermott pumping his fist.
AIServiceNow
Wall Street is finally starting to buy ServiceNow CEO Bill McDermott’s story as the company beats Q2 earnings forecasts
By Jeremy KahnJuly 23, 2026
4 hours ago
Members of KAIO and Mubadala Capital stand side by side smiling at the camera.
CryptoCoinbase
Coinbase invests in tokenized version of Abu Dhabi’s sovereign wealth fund 
By Camila Grigera NaónJuly 23, 2026
4 hours ago

Most Popular

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
Real Estate
The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
By Nick LichtenbergJuly 22, 2026
23 hours ago
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
3 days ago
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
Economy
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
By Sasha RogelbergJuly 22, 2026
20 hours ago
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
AI
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
By Eva RoytburgJuly 21, 2026
2 days ago
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
Success
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
By Emma BurleighJuly 21, 2026
2 days ago
'The man who dies rich dies disgraced': The last time America had such wealth inequality, Andrew Carnegie knew he had to give it all away
Success
'The man who dies rich dies disgraced': The last time America had such wealth inequality, Andrew Carnegie knew he had to give it all away
By Nick LichtenbergJuly 22, 2026
23 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.