Why You Will Find Fewer Flights to the UK Soon

Big Ben
Peter Nadolski / Shutterstock.com

Now might be a good time to visit the United Kingdom, as the British pound has lost value since the U.K. opted to leave the European Union.

But before you can take advantage of the more favorable exchange rate, you’ll need to catch a flight — which might be more challenging in the wake of “Brexit.”

Delta Air Lines announced Thursday that the company will reduce U.S.-to-U.K. flying capacity for its winter schedule, citing “persistent headwinds from close-in domestic yields and geopolitical uncertainty.”

This change is designed to help the publicly traded company ensure it meets its “goal of positive unit revenues by year-end.”

Glen Hauenstein, Delta president, explains:

“We’ll continue to move quickly and aggressively with all our commercial levers … to make sure we create the momentum we need to achieve this goal.”

News of the U.S.-to-U.K. flying capacity reduction came out as part of a quarterly profit report, which notes that currency fluctuations have been affecting Delta in others ways as well. For example:

  • Operating revenue for Delta’s latest quarter decreased 2 percent, or $260 million, with $65 million of that decrease “due to foreign currency pressures.”
  • Passenger unit revenues decreased 4.9 percent despite a capacity increase, with 1 point of that decrease “from foreign currency.”

To learn more about Brexit has affected Americans, check out “Brexit Panic — Should You Sell Your Stocks?

What’s your take on Brexit’s impact on the U.S. so far? Do you feel affected positively or negatively? Let us know by dropping a comment below or over on our Facebook page.

How to find cheaper car insurance in minutes

Getting a better deal on car insurance doesn't have to be hard. You can have The Zebra, an insurance comparison site compare quotes in just a few minutes and find you the best rates. Consumers save an average of $368 per year, according to the site, so if you're ready to secure your new rate, get started now.

Read Next
5 Reasons You Should Work for as Long as You Live
5 Reasons You Should Work for as Long as You Live

These benefits might make you think twice about retirement.

How to Avoid Being Surprised by 7 Nasty Expenses
How to Avoid Being Surprised by 7 Nasty Expenses

Major expenses are difficult to predict, but there are ways to make sure you’re protected.

Never Buy These 19 Things at a Grocery Store
Never Buy These 19 Things at a Grocery Store

These household necessities are overpriced at the grocery store. Here’s where to get them cheaper.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Comments

Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.

Trending Stories