Travel industry warns of higher fares and delays if UK leaves EU with no deal

The travel industry has reacted with dismay to the political turmoil over Brexit. Within minutes of the vote, the International Air Transport Association (IATA) warned of potentially higher air fares, and reiterated that some flights from the UK could be cancelled if the country crashes out of the European Union. A no-deal Brexit would lead to a cap on flights at 2018 levels. IATA estimates that five million extra seats from the UK to the European Union are scheduled for this year compared with last. It warned that a no-deal Brexit “will stunt important economic opportunities and may lead to higher prices for consumers”. Alexandre de Juniac, IATA’s director-general, said: “With two months left until Britain leaves the EU, airlines still do not know exactly what kind of Brexit they should be planning for. And there is legal and commercial uncertainty over how the Commission’s plan to cap flight numbers will work. In the small window remaining before Brexit it is imperative that the EU and UK prioritise finding a solution that brings certainty to airlines planning growth to meet demand and to travellers planning business trips and family holidays.”<br/>
The Independent
https://sg.news.yahoo.com/travel-industry-warns-higher-fares-231529061.html
1/16/19