18th Jan 2017 17:51
LONDON (Alliance News) - Irish low-cost airline Ryanair Holdings PLC said it could scrap its small number of UK domestic routes once the UK leaves the European Union, according to the company's chief financial officer, Bloomberg reported Wednesday.
Chief Financial Officer Neil Sorahan said it would require a UK air operating certificate in order to continue domestic services there once Brexit is implemented, and as only 2.0% of its network involves these domestic flights, it may decide to withdraw them rather than take steps to comply with new regulations.
This would affect routes between London Stansted and Edinburgh and Glasgow, London Gatwick and Belfast, and three from Londonderry.
Shares in Ryanair closed down 0.4% at 14.74 pence Wednesday.
https://www.bloomberg.com/news/articles/2017-01-18/ryanair-could-scrap-u-k-domestic-routes-once-britain-leaves-eu
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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