KLM facing uncertainty following Brexit vote
The United Kingdom's decision to leave the European Union may not only have consequences for British airlines, but also fro KLM. The Brexit decision already led to two British airline to negatively revise their financial forecasts for this year, Z24 reports.
The Brexit will also have consequences for KLM, according to Pablo Mendes de Leon, professor of aerospace law at the Leiden University. KLM flies to 16 airports in the United Kingdom. "These flights can lose their legal basis due to the British withdrawal and thus will possibly be cancelled', he said to Upinthesky.nl.
KLM itself is staying positive for now. So far no flights will be cancelled due to the Brexit. When or even if this will ever happen is impossible to say as yet, because it is still unclear how and when Britain will leave the EU, according to the Dutch airline.
International airline association IATA expects passengers to and from the UK to drop between 3 and 5 percent by 2020, according to Z24. This is mainly due to an expected decline in economic activity and the deterioration of the pound after the Brexit.
All will depend on whether the United Kingdom will retain access to the European aviation market through the so-called open Open Skies agreement, which opened up European air traffic in 1997.