EasyJet blames Brexit for weak outlook via ReutersTV
- Budget airline EasyJet warned on Monday that European travelers were holding off booking their summer holidays for fear of how the Brexit process will end, weakening demand for tickets and prices.
It said while domestic travelers were still booking, there was a visible drop in demand for flights to and from the United Kingdom. European airlines are already battling over-capacity and high fuel costs. Iceland’s WOW air was the latest casualty last Thursday, halting operations and cancelling all future flights after failing to raise more funds.
“We also expect the overall environment in Europe to get worse, because that’s what Eurocontrol has signaled.”
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