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Lufthansa boss warns on Brexit


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Lufthansa boss warns on Brexit

The head of German airline Lufthansa has added his voice to those warning against Britain leaving the European Union.

Calling it a “crisis” that his company is preparing for but hopes won’t happen, chief executive Carsten Spohr said he is certain that a Brexit would lead to lower growth in Europe and hit the aviation industry through reduced demand for air travel.

The Irish low-cost carrier Ryanair has threatened to withdraw some investment from the UK in the event of a vote to leave next month but Spohr said Lufthansa’s investment in Britain was small and it would not be reduced.

His warning came one day after Lufthansa Group board member Harry Hohmeister said a Brexit vote could create complications for people travelling in and out of the United Kingdom.

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