Wizz Air cuts plans to expand in UK post Brexit

Wizz Air Holdings cut UK capacity-growth plans for the rest of this year by half as Britain’s vote to exit the EU is set to weigh on fares and demand.

Wizz Air will add just two aircraft to serve new UK routes instead of four and won’t increase the number of flights serving existing routes to the country, the Budapest-based airline said in an online presentation.

Total UK capacity will now increase 15%, down from an earlier 30% target, with some of the planned additional planes and flights re-assigned to routes serving mainland Europe.