Ryanair CEO Says Boeing 737 MAX 10 Certification Expected This Month
BA is trading near its 52-week low of $176.77 (8.1% above the low).
Summary
Ryanair CEO Michael O'Leary said he is optimistic the FAA will certify the long-delayed 737 MAX 10 before the end of October, with Transportation Secretary Sean Duffy expected to announce approval as soon as Tuesday. That clears the way for Ryanair to take 16 of the jets in early 2027. The MAX 10 is Boeing's largest 737 variant and its certification has been a multi-year overhang; a green light unlocks deliveries and cash flow on the program. O'Leary also forecast European airfares rising 10-20% next year, the biggest increase in history, as airline failures and takeovers cut seat capacity and carriers sit largely unhedged on jet fuel from April 2027. That fare environment supports airline demand for new, fuel-efficient aircraft, though the direct read-through for Boeing is the certification milestone. Watch for the FAA announcement, expected Tuesday.
At the time of this announcement, BA was trading at $191.10 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $151.3B. The 52-week trading range was $176.77 to $254.35. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.