How the crisis at Boeing could make your next vacation more expensive

Boeing’s production problems are reverberating through an airline industry starved for planes, making it harder for carriers to meet red-hot demand for travel and raising the prospect of even higher ticket prices.

Boeing’s production problems are reverberating through an airline industry starved for planes, making it harder for carriers to meet red-hot demand for travel and raising the prospect of even higher ticket prices. On Wednesday, Ryanair (RYAAY) CEO Michael O’Leary explained why prices have further to climb. “If you have constrained supply (and) strong demand, I think it’s inevitable that you’re going to see air fares bump again this summer… between 5 and 10%,” he told CNN’s Richard Quest. Europe’s biggest airline by passengers had expected to receive 57 Boeing planes this summer, but now anticipates getting between 35 and 40, according to O’Leary. Ryanair is far from the only major carrier with too few aircraft. Southwest in the United States, which flies only Boeing 737 planes, announced last week that Boeing would deliver 40% fewer jets than it had been expecting this year. A critical shortage of planes is also plaguing other airlines — and the problem is not confined to Boeing. According to aviation analytics firm Cirium, about 600 Airbus jets globally have been grounded for at least the last month due to an issue with engines made by US aerospace manufacturer Pratt & Whitney.