Ryanair sees no impact of Brexit on demand

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Ryanair sees no impact of Brexit on demand
Ryanair, Europe's leading low-cost airline, said on Wednesday it did not see Brexit's impact on demand and said it was well-prepared for a possible exit without the UK's European Union (EU) agreement. / Photo taken September 12, 2018 / REUTERS / Ralph Orlowski
Thomson Reuters

by Sarah Young

LONDON (Reuters) – Ryanair, Europe's leading low-cost airline, said on Wednesday it did not see Brexit's impact on demand and said it was well-prepared for a possible exit without the UK's approval of the EU. European Union (EU).

The Irish group has also indicated that it is not interested in buying the troubled British regional airline Flybe.

"The current demand (…) is really strong, the European consumer, the British consumer, continue to make reservations," marketing director Kenny Jacobs told a press conference.

Managing Director Michael O'Leary once warned that a disorderly Brexit could cause disruption for several weeks after the UK's exit from the EU on March 29th.

But Kenny Jacobs said on Wednesday that thanks to the guarantees given last week by the EU in terms of flight rights, there were no more risks.

"Even in the case of a 'no deal' on Brexit, air traffic will be good," he said.

Like easyJet, Ryanair has also ruled out any interest in the struggling regional airline Flybe, saying it wants to focus on organic growth.

"We are not interested in Flybe," said Kenny Jacobs, adding that the British company will undoubtedly be dismantled and its assets sold to several buyers.

(Claude Chendjou for French service, edited by Catherine Mallebay-Vacqueur)