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  • IAG business 'unaffected' as UK's EU withdrawal nears

IAG business 'unaffected' as UK's EU withdrawal nears

Uncertainty over the UK’s planned withdrawal from the European Union has not had any impact on IAG’s business, its chairman has told a capital markets event.

Antonio Vazquez says the ‘Brexit’ situation has “not affected the underlying trading environment”.

“We are confident we will be able to operate as normal beyond [the UK’s exit date],” he says. The UK is set to leave the EU at the end of March 2019.

Vazquez says the company has contingency plans in place should the withdrawal occur without a post-Brexit agreement in place between the UK and EU.

He says the company, as a result of its engagement with relevant authorities, “remains confident” that a comprehensive air transport pact will be agreed by the two sides.

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