Ryanair rises despite passenger forecast cut

The extended grounding of Boeing’s 737-Max plane has forced Ryanair to scale back growth plans for next summer, putting the airline industry on notice the crisis is starting to affect longer-term plans.

With a return date for the Max still uncertain after two fatal crashes, Ryanair is likely to receive barely half of the 58 planes it was expecting for the 2020 peak schedule, leading the airline to estimate that the reduction will wipe 5m passengers from its full-year tally.