Ryanair Holdings (RYAAY) has released an update.
Ryanair Holdings PLC has issued an apology to its customers for over 60 flight cancellations and significant delays, blaming European Air Traffic Control (ATC) mismanagement for these disruptions. The airline criticized ATC for staff shortages and equipment failures, particularly at the Maastricht centre, which have led to delays affecting 25% of Ryanair’s first wave of daily departures. Chief Operations Officer Neal McMahon has called for urgent reforms from Eurocontrol and the EU Commission to improve the declining service levels, despite rising ATC fees over the last three years.
For further insights into RYAAY stock, check out TipRanks’ Stock Analysis page.