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 second half of the year, alongside a fall in average prices per seat, but hopes prices rise in the next six months 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.
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.