Ryanair (FR, Dublin Int'l) is expecting to lose around EUR37 million euros (USD41 million) in revenues in the current fiscal year ending on March 31, 2020, due to the delayed deliveries of B737-8-200s, CFO Neil Sorahan told MarketWatch.

"We will be looking for compensation from Boeing," Sorahan said.

The Irish LCC was scheduled to take delivery of its and the world's first B737 MAX 200 in spring 2019. Due to the grounding of the type, Ryanair now expects to start taking deliveries of the new generation B737s in October and launch commercial flights with the type in November 2019, subject to the regulatory approvals.

According to the ch-aviation aircraft module, the first three units will be msn 65076-8 and will be ready for delivery shortly after the type is cleared by the FAA and the EASA.

"The delayed deliveries in 2019 means that we will not see any meaningful cost benefit until FY21," the carrier said in its annual report.

The airline also expects to carry around 1 million passengers less than planned previously this fiscal year due to the absence of MAX 200s. The new aircraft will be equipped with 197 seats compared to 189 on the LCC's B737-800s.

Ryanair underlined that it still has confidence in the type which it hopes will deliver 16% fuel savings and 40% noise reduction.

The Irish LCC currently has 135 B737 MAX 200s on order from Boeing and is one of only two customers for the variant globally, with the other being VietJetAir (VJ, Hanoi).