Airlines: Ryanair warns on 737 MAX; IAG expands


Airline stocks among the gainers on European markets Monday (November 4)...

Despite a note of warning from Ryanair.

Europe's biggest budget airline says its growth could freeze due to delays in getting Boeing 737 MAX jets.

Ryanair should have had 30 of them in time for next summer's peak season.

But the type is still grounded worldwide after two fatal crashes.

And there's no clarity regarding when the planes will fly again.

The Irish carrier says there's a "real risk" it will have no MAX jets at all in time for summer.

Ryanair stock rose over 7% in early trade though.

Investors focused on forecast-beating results for the six months to September.

Post-tax profits hit 1.3 billion dollars.

Gains too for IAG shares on Monday.

The owner of British Airways and Iberia is adding another airline to its stable.

It's paying just over 1.1 billion dollars to buy Air Europa.

That should help it compete on routes from Spain to Latin America and the Caribbean.

IAG shares rose over one percent following the news.