Business World

Friday 20 September 2019

EasyJet Brexit-ready as bookings surge

CEO Johan Lundgren
CEO Johan Lundgren

Sarah Young

Brexit uncertainty is not hurting sales at easyJet, CEO Johan Lundgren has said, adding that the airline is well-prepared should the UK leave without a deal next March.

Bookings for around that time have not seen any drop-off and next summer's are slightly ahead of summer sales a year ago, Lundgren said.

"There doesn't seem to be any concern for people to book their holidays and go away for next summer," said Mr Lundgren. "We've been preparing ourselves for the past two years for any scenario, a deal or a no deal," he added. Larger rival Ryanair has warned that Brexit could force carriers to ground flights.

As well as setting up a new airline in Austria, Mr Lundgren said that by the time the UK leaves the EU, EasyJet aims to have more than 50pc of its shareholders from outside the UK and from other EU countries - up from 47pc - to comply with EU rules.

Reuters

Irish Independent

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