Ryanair says tariff costs are Boeing’s burden, warns of delivery pause amid earnings outlook

Ryanair Holdings (NASDAQ:RYAAY) (OTCPK:RYAOF) on Monday asserted that any tariff-related costs should be absorbed by Boeing (NYSE:BA), as the Irish low-cost carrier firmly called for a reinstatement of the long-standing no-tariff framework that has underpinned the aviation industry for nearly 50 years.

The discount specialist could go as far as not taking its remaining jets until things have settled down, Chief Financial Officer Neil Sorahan told Bloomberg in an interview after reporting earnings.

Ryanair (NASDAQ:RYAAY) expects Boeing (NYSE:BA) to deliver the B737-8200 planes, of which 29 are still outstanding, at an agreed fixed price, he added.

Following a strong first quarter, the company is seeing robust demand in Q2 and expects fares to recover, offsetting most of the decline experienced in the same period last year.

However, Sorahan noted that the H1 outcome remains dependent on close-in August and September bookings, over which it doesn’t have huge visibility at the moment.

FY26 traffic remains on track to grow just 3% to 206 million passengers, due to heavily delayed Boeing deliveries, Ryanair Holdings (NASDAQ:RYAAY) (OTCPK:RYAOF) said, adding, “It remains too early to provide meaningful FY26 PAT guidance.”