Ryanair confident Boeing will deliver first MAX 10 jets on time

Ryanair Group CEO Michael O'Leary is now confident of receiving the first 737 MAX 10 jets from Boeing on schedule in early 2027, following expected certification by the third quarter of 2026. This more upbeat assessment, based on recent confirmation from Boeing's commercial airplanes head, indicates potential progress in the MAX 10 program and provides clarity for airlines awaiting these deliveries.

Analysis

Ryanair's CEO, Michael O’Leary, has expressed renewed confidence in receiving the first of its 150 Boeing 737 MAX 10 jets on schedule in early 2027, a notable shift from his more cautious stance last month. This optimism is directly attributed to a recent conversation with Boeing's commercial airplanes head and a written confirmation, which projects certification for the aircraft by the third quarter of 2026. For Boeing (BA), this public vote of confidence from a key customer is a significant positive development, helping to mitigate perceived risks and delays surrounding the MAX 10 program. For Ryanair (RYAAY), the reaffirmed schedule provides critical visibility for its long-term fleet expansion and capacity planning, removing a key element of uncertainty from its growth outlook.

Key Decisions for Investors

• Investors in Boeing (BA) should view this as a material de-risking event for the 737 MAX 10 program, and monitor for further milestones related to the stated Q3 2026 certification target.
• For Ryanair (RYAAY) investors, this development solidifies the airline's future growth trajectory, providing greater certainty for fleet and capacity planning from 2027 onwards.
• As the delivery timeline remains contingent on regulatory certification nearly two years away, investors should treat this guidance as a positive signal but await official FAA certification progress before fully pricing in the 2027 delivery.