Originally Posted by
Sharklet_321
Ryanair were quite open about the compensation they received from Boeing re the MAX issues, surprised that TUI isn’t doing this. Can’t be good to spook investors with those losses. Why can’t they reveal their Boeing compensation deal?
Ryanair is in a somewhat different position to TUI - They have suffered delayed deliveries of 5 aircraft this year - But yes they have had a profits warning due to the MAX groundings which has seen FR lose one million seats this summer. (= Losing 5000 flights with 5 aircraft with 200 seats, 1000 flights per a/c - over an 8 month period that is around 4 rotations a day)
MOL says We’re having a discussion with Boeing” about getting financial compensation for the delays, O’Leary said “I don’t need cash,” he added, saying he wants movement on pricing. CFO Neil Sorahan told Reuters they plan to discuss “modest compensation.” and get a deal on the order book.
TUI OTH has had to pay out ££££ to cover operating all of their package holiday flights
and paying for the delays &.compo, and to charter extra aircraft - TUI do not cancel flights usually.
TUI has had to front this cash and if the MAX does not return this season (as we now expect) then these costs for TUI will be in excess of 300m Euros.
(FR can just cancel pax >14 days prior and refund the ticket cost with no other liability)