British Airlines notes negative consequences of Brexit - ConsultFX

British Airlines notes negative consequences of Brexit

British airlines points out that Brexit had an impact on ticket sales, as the weakening of the pound sterling led to a decrease in demand for air travel. However, many companies fear that in the event of a breakdown in the conclusion of a transaction between the UK and the European Union which may worsen the situation significantly.

CEO of Virgin Atlantic Airways, Ltd. Craig Krieger, said that the fall of the pound after the Brexit referendum in 2016 led to an increase in the cost of recreation in the UK. A further drop in the British currency in the case of Brexit without a deal (a "hard" version of the agreement) will put pressure on the operation of airlines paying fuel and leasing in US dollars, as well as cause significant damage to consumers and the UK economy as a whole.

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