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The cost of Brexit: 860,000 people's holidays cancelled, 1,858 jobs lost, £60m rescue flights #Monarch #StopBrexit bbc.com/news/amp/busin…
2. The 10-20% collapse in the value of the pound post-referendum drove up fuel & lease costs by £50m/year: bbc.co.uk/news/business-… #Monarch
3. Deals with other companies derailed by uncertainty around airline regulation if Brexit goes ahead:
bbc.co.uk/news/live/busi… #Monarch
bbc.co.uk/news/live/busi… #Monarch
4. If we leave the EU's Single Market for aviation, Open Skies, with no deal, could see 40% drop in air passengers uk.reuters.com/article/uk-bri…
5. Other airlines are considering moving planes and operations out of the UK, fearing no replacement to the Open Skies agreement in time
6. E.g. Ryanair: "There may not be sufficient time, or goodwill on both sides, to negotiate a timely replacement" independent.co.uk/travel/news-an…
7. Overseas visits by UK residents are down 2% since last year - and again more expensive with the pound's collapse ons.gov.uk/peoplepopulati…
8. Of course, competition, scale, mix of routes and the terrorist attacks in Egypt and Turkey have also played a part.
9. But the impact of Brexit on #Monarch has been significant, and is costing nearly 2000 jobs and 860,000 people's holidays
10. It's even cost a couple their wedding: news.sky.com/story/travelle…
11. And so Brexit has, in part, brought down the UK's fifth largest airline. And the impact on businesses and jobs will continue to worsen.
12. The unforeseen negative consequences of Brexit on business, jobs and consumers are huge. That's why we need to change course.
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