Ryanair Paints a Doomsday Brexit Scenario
- Discount giant says likelihood of grounded flights increasing
- O’Leary issues warning after meeting U.K. transport minister
Ryanair CEO Says Flights at Risk if Brexit Deal Delayed
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Flights to and from the U.K. could be grounded and Britons limited to ferry journeys to Ireland and road trips to Scotland, Ryanair Holdings Plc said in its starkest comments yet about the possible fallout of Brexit for aviation if a wide-ranging deal isn’t secured in time.
Europe’s biggest discount airline extended its warning to the future of rival carriers, with Chief Executive Officer Michael O’Leary suggesting that a failure to negotiate terms guaranteeing existing air services and accords could force British Airways owner IAG SA to sell its Spanish Iberia unit and render redundant EasyJet’s Plc’s new European operating license.