What Brexit means for summer air travel

Before you go, we thought you'd like these...

What Brexit Means for Summer Air Travel

While many of the effects of the Brexit referendum are still unclear, the changes to summer air travel are already becoming apparent.

For people flying from the US to the UK, expect cheap fares!

The American dollar is worth much more in the aftermath of the vote, with the value of the British pound dropping to its lowest rate in 30 years.

Travel experts say Americans can snag a round-trip ticket in the $400-to-$500 range, compared to around $1,800 two to three years ago.

But Europe's cheap air travel companies are at risk because of the vote.

For 20 years, the rule had been that any airline based in a European Union nation could fly anywhere within the single market whenever it wanted.

RELATED: Social reactions to Brexit

13 PHOTOS
Social reactions to 'Brexit'
See Gallery
Social reactions to 'Brexit'
Anti-establishment, populist, nationalist views leading to #Brexit parallels rise of Sanders & Trump in US & suggests Nov outcome uncertain
Of course Putin is happy about #Brexit. Undermining the integrity and success of the EU is a key project for him.
Conservative supporters of #Brexit completely under-estimate deeply disruptive effect of this vote and real harm to follow
"...and in the end, Britain, which had colonized the world, destroyed itself in fantasies that it was being colonized in turn" — historians.
Sterling gets trashed after #Brexit outcome but (cheeky) British wit shines through #EUref #FX $GBPUSD $EUR https://t.co/aFaQwYt4hH
#EuRef https://t.co/uCLqrJkmEW
The Brexit Diet: How to Lose Billions of Pounds in Just Minutes
That's enough fun for one evening. #Brexit https://t.co/zg149kEoVY
I'm so angry. A generation given everything: Free education, golden pensions, social mobility have voted to strip my generation's future.
Time to make a pot of tea and turn the television off for a while! 🙂
Stop the world im getting off LG x
No matter the outcome, #Brexit polls demonstrate how quickly half of any population can be convinced to vote against itself. Quite a lesson.
of
SEE ALL
BACK TO SLIDE
SHOW CAPTION +
HIDE CAPTION


With the Brexit ruling, Britain will need to negotiate new access to that single aviation market.

London's low-cost airline company, easyJet, just warned investors that profits would likely suffer.

Ryanair is in a similar bind, even though they're based in Dublin.

The low-cost carrier expects fares to jump because of the dozen airports they have based in England, meaning they'll also have to negotiate access to the market.

And while cheap flights are a silver lining to a tricky situation, the long-term effects on the travel economy are still up in the air.

Read Full Story

People are Reading