Ryanair chief executive Michael O’Leary says the airline will “pivot all its growth into the European Union” following the UK’s vote to leave the single market.
The outspoken airline boss said the company is taking another 50 aircraft next year, and it is highly unlikely that any of them would be placed in the UK.
Speaking to the Wall Street Journal, O’Leary said Ryanair will now focus on expanding its business within the European Union. He was vocal about the UK’s place within the European Union in the run-up to the vote, making several statements and inviting key campaigners to a Stansted event.
The budget travel company carries more than 100 million passengers a year, with UK routes accounting for 40 million of those individuals, it’s largest transport hub is Stansted Airport.
Shares in the airline have seen sharp decline since the Brexit result was confirmed on Friday.