RyanAir has announced that it’s to scale back or close a number of bases following a reduction in its growth forecasts.
It blames the lack of route growth on the delivery delays caused by the 737MAX. It now believes it will be as late as February-March 2020 before deliveries restart.
The airline cut its growth in passenger numbers from 7% to 3% and is reevaluating its winter schedule.
There’s also a wider concern that Europe is already grossly over capacity, but RyanAir’s strategy is to simply grab every last seat it can and take as much of the market as possible.
That strategy is in many ways what’s undermining smaller airlines. They’re forced into a devastating price war they can’t win whenever RyanAir turns up on their doorstep.