EasyJet claims Brexit will have no material impact

EasyJet claims Brexit will have no material impact

EasyJet voiced confidence that the UK’s Brexit vote will not have a “material impact” on its low-cost strategy.

The budget carrier said it has been preparing for this eventuality in the lead up to the referendum vote and has been working on a number of options that will allow it to continue flying in all of its markets.

The airline’s initial focus will be to accelerate discussions with UK and EU governments and regulators to ensure that the UK remains part of the single EU aviation market.

This would enable EU airlines to fly freely within the UK and between the UK and EU, allow UK airlines to fly freely across Europe.

It would ensure that consumers continue to benefit from low-fares and would mean easyJet and other airlines can continue to operate as they do now.

However, easyJet admitted that it will also continue to develop “alternative options” that will fully maintain its existing network and operations.

A statement said: “EasyJet is confident that its unique network, digital leadership, cost advantage and financial strength will enable it to continue to execute on its strategy and to deliver long term sustainable earnings growth and returns to shareholders.”

Chief executive Carolyn McCall said: “We remain confident in the strength of easyJet’s business model and our ability to continue to deliver our successful strategy and our leading returns.

“We have today written to the UK government and the European Commission to ask them to prioritise the UK remaining part of the single EU aviation market, given its importance to trade and consumers.”

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