Saturday, June 25, 2016

Post Brexit: UK airline passengers to fall by 3 to 5pc by 2020

London:
Britain's decision to leave the EU would affect the airline industry with a fall in UK passengrs by 3 to per cent driven by expected downturn in economic activity and the fall of sterling exchange rate, accoding to International Air Transport Association.

A report by IATA said that near-term impact on the UK air freight market is less certain, but freight will be affected by lower international trade in the longer term.
"A big issue is with aviation regulation. The UK faces a trade-off between accessing the European Single Aviation Market and having the policy freedom to set its own regulations," said IATA..
There were 117 million air passenger journeys between the UK and the EU in 2015. Air links facilitate business, support jobs and build prosperity. It is critical that whatever form the new UK-EU relationship takes, it must continue to ensure the common interests of safe, secure, efficient and sustainable air connectivity," said Tony Tyler, IATA’s Director General and CEO.

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