If one thing has been clear from its inception, Michael O’Leary has always been that Ryanair was a company that wanted to make money. The label of ‘airline’ pigeonholed him into a monolithic entity, far from the capitalist spirit of this peculiar entrepreneur.
And perhaps that is why we are not surprised that Ryanair has been able to weather all the storms and crises, despite the fact that for this it has even had to “mistreat its customers”. Your latest challenge? Correct the design of aircraft to Boeing itself.
As you read it, the British airline will modify the design of the wings of its entire 737 fleet with the aim of saving fuel, and we are not talking about something minor: it is expected to reduce the fuel bill by 65 million euros a year.
We have learned about this daring and crazy plan in the company’s own financial report, in which it also announces a record cut in the emission of carbon dioxide in its fleet.
With an investment of nearly 200 million euros, Ryanair will modify the wingtips of the entire fleet of its 737s, replacing the tip – currently vertical – with a scimitar-shaped curve. This ‘simple’ change would be responsible for the considerable savings that we have mentioned.
How is this reduction in consumption produced? The airline indicates that the aerodynamics of the aircraft is improved and with it, fuel consumption is reduced, as the engines require less kerosene to propel the plane.
Specifically, the reduction in consumption is estimated at 1.5%, and given the size of the airline’s fleet and the frequency of its flights, it is not surprising that the impact on the income statement is so large.
However, do not think that this is an idea that came from the “Hallelujah!” group. in the company’s R&D department: this scimitar design is already factory-fitted on the 737 Max, its older brother, so Ryanair would simply adapt it to the 737.
The company will have to adapt a total of 409 Boeing 737 from its fleet and the modification cannot come with better prospects: Ryanair has declared record traffic figures in the second quarter of the year, shooting its profits above the pre-pandemic era.
Good winds are blowing for O’Leary and his hosts, who are now waiting for the supply deadlines from Boeing, which must complete the delivery of 51 737 Max with which Ryanair will renew and expand its fleet.
Melissa Galbraith is the World News reporter for Globe Live Media. She covers all the major events happening around the World. From Europe to Americas, from Asia to Antarctica, Melissa covers it all. Never miss another Major World Event by bookmarking her author page right here.