Virgin Atlantic Says Brexit to Demote London; May Move Jets
- Banking, tech sectors would favor the Continent, CEO Says
- Depressed pound could lift fuel bill, damage outbound travel
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Virgin Atlantic Airways Ltd. will suffer a slump in demand if Britain exits the European Union as international businesses desert London for major cities still inside the 28-nation bloc, according to Craig Kreeger, the U.K. carrier’s American chief executive officer.
A longer-term dip in sales might mean evaluating the case for exiting some markets and targeting entirely new ones, Kreeger said in an interview.