Europe's major bourses were trading broadly lower Wednesday with chip stocks and luxury goods among the worst performing sectors following sales warnings.
Ryanair is likely to cut its traffic growth guidelines for next year due to delivery delays at U.S. planemaker Boeing , the budget airline's CEO Michael O'Leary told Reuters on Wednesday. 'We were supposed to get 20 deliveries before the end of December. They'll probably come now in January and February, and that's fine. We'll have them in time for next summer.
'I think we're clearly going to walk back our traffic growth for next year, because I don't think we're going to get all those 30 aircraft,' he said, adding that capacity constraints were the worst he had seen in 30 years in the industry. Ryanair has hundreds of Boeing aircraft on order, having made the troubled B737-Max variant a key part of its renewal strategy .
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