Airport and airline bosses warn Brexit could lead to €21 billion loss, no UK-EU flights
Airline and airport executives on Tuesday warned the EU27 tourism industry stands to lose some €21 billion in business from the UK following Brexit.
The top CEOs warned of the negative consequences of Brexit on aviation and tourism in a European Parliament transport committee hearing, saying that airlines will need to make business decisions about where to fly well before the March 2019 deadline.
Passengers will lose out and the EU27 tourism industry stands to lose some €21 billion in business from the UK following Brexit, especially in Malta, Cyprus and Portugal, they said. Furthermore, the top executives stressed the need for certainty and said aviation needed to be dealt with as a priority in the negotiations on a future relationship, especially as there is no “fall back” option.
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Michael O’Leary of Ryanair warned that no deal could mean no flights between UK and EU-27 immediately after Brexit.
The list of speakers at the hearing included John Holland-Kaye – CEO, Heathrow Airport, ACI Europe; Kevin Toland – CEO – Dublin Airport, ACI Europe; Franck Goldnadel – Executive and managing director, Chief Airport Operations, Paris-Charles de Gaulle Airport; Willie Walsh – CEO, IAG; Michael O’Leary – CEO, Ryanair; Sean Kennedy – Senior Vice President, Global Government Affairs, Airlines for America; Thomas Kropp – Senior Vice President Government Affairs and International Relations Lufthansa Group; Ralf Pastleitner – Director International Public Policy, Group Corporate & External Affairs – TUI Group; and Nathalie Errard – Senior Vice President, EU and Nato affairs, Airbus.
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