Ryanair could halt flights out of the UK "for a period of time" due to Brexit uncertainty hitting demand, the low-cost carrier's finance director said today.
"Ryanair is pivoting its growth away from the UK," finance director Neil Sorahan said.
"Brexit will inevitably lead to a slowdown in growth in the UK. We haven't seen it yet, but we believe it will lead to a slowdown in growth in both the UK and the EU, as both parties have to deal with a completely new scenario."
Ryanair aimed to grow by 15 per cent in the UK last year but managed to grow by six per cent instead.
Sorahan warned that there could be "no flights for period of time between UK and Europe" if no bilateral arrangements are made.
“Europe has been very clear in recent days that no deals are going to be put in place, they are not planning to put any special deals in place,” said Sorahan.
“If there was a cliff-edge scenario with World Trade Organisation rules and no bilateral on open skies in place, there is a distinct possibility that there will be no flights for a period of time between Europe and the UK.
“The impact on business would be disastrous.”
Low-cost carriers like Easyjet and Ryanair, which are based in the EU, have the right to fly to, from and within any country in the bloc thanks to the single aviation market created in the 1990s. However, this means that Britain has just two years to renegotiate access or come up with an alternative system.