Ryanair to focus on EU hubs after 'disappointment' of Brexit vote
Ryanair is to "pivot" growth away from UK airports and instead focus on hubs in the EU following the Brexit referendum result. The airline said the decision by Britain to quit the EU was "a surprise and a disappointment", adding: " This winter we will cut capacity and frequency on many London Stansted routes (although no routes will close) where we are already significantly ahead of our multi-year traffic growth targets." Ryanair also flagged that the vote result will mean lower economic growth, weaker consumer confidence and put downward pressure on fares until the end of 2017 "at least". The company said there could be further implications if the UK is unable to negotiate access to the single market and the open skies regulatory framework currently in place across the EU. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-07-26/unaligned/ryanair-to-focus-on-eu-hubs-after-disappointment-of-brexit-vote
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Ryanair to focus on EU hubs after 'disappointment' of Brexit vote
Ryanair is to "pivot" growth away from UK airports and instead focus on hubs in the EU following the Brexit referendum result. The airline said the decision by Britain to quit the EU was "a surprise and a disappointment", adding: " This winter we will cut capacity and frequency on many London Stansted routes (although no routes will close) where we are already significantly ahead of our multi-year traffic growth targets." Ryanair also flagged that the vote result will mean lower economic growth, weaker consumer confidence and put downward pressure on fares until the end of 2017 "at least". The company said there could be further implications if the UK is unable to negotiate access to the single market and the open skies regulatory framework currently in place across the EU. <br/>
