🔴 LIVE: The Secrets of ProPicks AI Success Revealed + November’s List FREEWatch Now

No-deal Brexit risks travel chaos, nightmare at airports: IATA

Published 10/24/2018, 03:22 PM
Updated 10/24/2018, 03:33 PM
© Reuters. FILE PHOTO: International Air Transport Association (IATA) Director General and CEO Alexandre de Juniac speaks in Geneva
AIR
-
0RYA
-

By Sarah Young

LONDON (Reuters) - A no-deal Brexit could wreak chaos for travelers and a nightmare at airports, global airline industry body IATA warned, calling on British and European Union aviation authorities to put in place a plan to avoid such a worst-case scenario.

Britain is set to leave the European Union on March 29, 2019 but with just over five months to go, Prime Minister Theresa May has yet to reach a withdrawal deal and both sides have stepped up preparations for the possibility there will not be one.

The International Air Transport Association (IATA) said on Wednesday that planning for a no-deal Brexit needed to move much faster to ensure planes can keep flying and safety and regulatory frameworks keep functioning whatever the new relationship between the pair after March 29.

"We predict chaos if nothing is done," IATA Director General Alexandre de Juniac told reporters on a call on Wednesday.

"On April 1 it will be us, the airlines, who have to manage millions of passengers potentially grounded in airports unable to take a flight ... It will be a nightmare in European airports and UK airports," he warned.

Separately, IATA released forecasts on Wednesday showing that airline passenger numbers could double to 8.2 billion in 2037, bolstered by strong demand in Asia, though protectionism risks curtailing growth.

De Juniac said the trend toward restricting free trade, such as the introduction of recent tariffs, was weighing on the aviation industry’s most recent forecast of 3.5 percent compound annual passenger growth rate over 20 years, down 0.1 percent from an earlier report. That small decline means 60 million fewer passengers over 20 years.

On Brexit, de Juniac said that airlines were "completely in the dark" as to how to plan for what sort of flying rights, safety framework and border management would exist if there is no deal due to a lack of transparency around the discussions. He said they needed certainty on these three critical issues.

Flying rights to, from and within the EU, as well as between the United States and Britain, are covered by EU-wide "Open Skies" agreements. But unlike with trade, where Britain would revert to World Trade Organization rules under a no-deal, there is no default fallback option for the aviation sector.

"A backstop contingency plan to keep planes flying after March must be published, and quickly," de Juniac said.

The exclusion of the airline industry from EU-British discussions was exacerbating the potential for chaos, he warned, adding that IATA was ready to offer solutions if asked.

The chief executive of Ryanair (I:RYA), one of Europe's biggest airlines, has warned that if there is a no-deal Brexit, UK flights could be grounded for up to three weeks.

IATA said it did not expect a scenario where all flights were grounded. "As a short term, emergency fall-back position, we understand that the EU and UK CAA have plans for a ‘bare bones’ agreement ... to ensure at least a basic level of connectivity," IATA said in a study also published on Wednesday.

But it warned that minimum connectivity could be as little as 5 percent of the current number of weekly flights between Britain and Spain.

In Montreal, Airbus SE (PA:AIR) planemaking head Guillaume Faury told reporters on Wednesday the European company is working on priorities if there is no deal.

© Reuters. FILE PHOTO: International Air Transport Association (IATA) Director General and CEO Alexandre de Juniac speaks in Geneva

"For the moment our focus is completely on managing the transition period and making sure there is no disruption," he said," he said. "This uncertainty is by the way, one of the most difficult stakes (involving Brexit)."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.