Lufthansa CE warns Brexit "crisis" would hit European travel demand

A British exit from the EU could be a "crisis" that would hit economic growth in the region and lower demand for air travel, the head of Lufthansa warned. Britons will vote June 23 on whether their country should remain in or leave the 28-member bloc and many business have spoken out in favour of remaining in the EU. "I am certain that Brexit would result in lower growth in Europe and that would lead to less demand from customers," CE Carsten Spohr said Wednesday. "We're preparing for Brexit just we would any other possible crisis, and a crisis is how I would describe it. I hope it won't come to it though." Ryanair has threatened to withdraw some investment from the UK in the event of Brexit but Spohr said Lufthansa's investment in Britain was small and the carrier had no plans to reduce it. <br/>