Ryanair to pull investment If UK leaves EU
Ryanair would move some investment out of Britain if it votes to leave the EU and the "extreme volatility" that would follow such an outcome could put downward pressure on air fares in the short term, CE Michael O'Leary said. The airline flies 40m of its 100m-plus passengers a year to and from the UK and has its largest hub at London Stansted. O'Leary is one of the most vocal business leaders campaigning for a vote to stay in the EU ahead of the June 23 referendum on EU membership. "After 9/11, after every crisis Ryanair is selling cheaper fares, we keep people flying. So the fact is it would have a downward effect on our pricing for 6 to 12 months, but we will keep people flying," O'Leary said. "The longer term effect though is we will invest less in the UK, we will certainly switch some of our existing UK investment into other European countries". <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-05-16/unaligned/ryanair-to-pull-investment-if-uk-leaves-eu
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Ryanair to pull investment If UK leaves EU
Ryanair would move some investment out of Britain if it votes to leave the EU and the "extreme volatility" that would follow such an outcome could put downward pressure on air fares in the short term, CE Michael O'Leary said. The airline flies 40m of its 100m-plus passengers a year to and from the UK and has its largest hub at London Stansted. O'Leary is one of the most vocal business leaders campaigning for a vote to stay in the EU ahead of the June 23 referendum on EU membership. "After 9/11, after every crisis Ryanair is selling cheaper fares, we keep people flying. So the fact is it would have a downward effect on our pricing for 6 to 12 months, but we will keep people flying," O'Leary said. "The longer term effect though is we will invest less in the UK, we will certainly switch some of our existing UK investment into other European countries". <br/>
