European travelers have been holding off booking flights for the summer due to uncertainty around Brexit and how the process will end, leading to weakened prices and demand for tickets, according to EasyJet. The airline said it had seen a "significant" drop in bookings from British tourists since last week, with some airlines reporting cancellations of up to 50 percent on routes that were already full. Domestic travelers have continued to book flights, however demand for flights to and from the UK has significantly decreased.
European travelers have been holding off booking flights for the summer due to uncertainty around Brexit and how the process will end, leading to weakened prices and demand for tickets, according to EasyJet. The airline confirmed it expects a £275m ($360m) loss in the next six months, alongside a fall in average prices per seat, but hopes prices rise in the second half of the year with the assumed resolution of the Brexit debate. Domestic travelers have continued to book flights, however demand for flights to and from the UK has significantly decreased.