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.
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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.