Ryanair planning another "fleet".
Wednesday, February 4, 2009 @ 10:00 AM
Ryanair operates an all-Boeing fleet of 737s that is now up to 181 planes, but may now be considering Airbus also as once an airline's fleet has reached about 200 planes, the cost advantages of operating only one type of plane are not as significant. "We're large enough now to run two fleets," Michael Cawley, deputy chief executive of Ryanair, told reporters Monday at a news briefing in London. "We see no cost handicaps that can't be overcome by running two fleets." He said Ryanair, which could place the order for up to 400 planes in the next 18 months to two years, wants to take advantage of any decline in aircraft prices should the current industry downturn continue and passenger traffic continue to fall.
In the past, O'Leary has placed some of the industry's biggest single orders, for 100 or more planes at a time. By doing do, Ryanair has been able to lock in very good prices, including options. Just this month, Ryanair exercised 12 of its options, adding to the 143 planes that it still had on firm order with Boeing at the end of last year. That brought to 337 the number of 737s that Ryanair has ordered directly from Boeing. Its fleet includes some 737s that have been leased.
Ryanair carried 58 million passengers last year, up 18 percent from 2007. Cawley said that in the "very long term," he can envision Ryanair hauling 200 million people a year.