London: Hungarian budget airline Wizz Air on Wednesday cut back its British expansion plans and blamed Brexit and the subsequent slump in sterling. The group announced it was “halving” its plans for second-half growth in Britain “as a direct result of Brexit and the weaker British pound”. The news, contained in Wizz Air’s quarterly results statement, came after the pound tumbled in the wake of Britain’s shock EU exit referendum.
“The UK’s decision to leave the European Union has led to a notable weakness in fares — in euro terms — on routes to/from the UK, mainly due to the much weaker British pound,” a company spokesman said.
