BUSINESS

Brexit fears hit air demand

TAGS: Transport

Political turmoil caused by Britain’s vote to leave the European Union could knock demand for air transport later this year, Olivier Jankovec, director general of airport association ACI Europe, said on Thursday.

Shares in major European airlines such as easyJet, British Airways owner IAG and Ryanair have been hard hit since the Brexit vote, due to fears over travel demand and whether flying rights will be affected.

Three percent of Britons with holidays booked this summer plan to cancel due to concerns over the value of the pound, according to results of a survey commissioned by online deals website Travelzoo and carried out after the Brexit vote.

[Reuters]

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