Budget airline Wizz Air became the latest firm to reveal a blow from the Brexit-hit pound as it cut plans to expand flights from Britain.
The Eastern and Central European carrier, which is listed in London, had aimed to boost its routes from the UK with more services, but said it would now halve these growth plans due to the recent plunge in the value of the pound.
It said the UK's vote to leave the EU had already led to a "notable" drop in fares on routes to and from Britain - when converted into euros - as a result of the weak pound.
Sterling slumped to 31-year lows against the US dollar and tumbled against the euro after the UK's vote to leave the EU, although it has since regained some ground.
Wizz Air's woes come as Channel Tunnel operator Eurotunnel also revealed a hit from the pound, warning over earnings this year and next after sterling's fall since the Brexit vote.
The group - which carries train services between London, Paris and Brussels - cut its outlook for underlying earnings by 25 million euros (£21 million) in 2016 and 26 million euros (£22 million) next year after the pound's drop in value against the euro.
Wizz Air had planned to grow its UK business by 30%, which would be equivalent to four extra planes in this financial year, but said it would reduce this to 15% as a result of sterling's weakness against the euro, instead redeploying the extra planes to other countries.
But the group said it remained confident of meeting full-year forecasts for net profit of between 245 million euros (£205 million) and 255 million euros (£213 million).
Airlines have been hit hard by the Brexit vote, with easyJet and British Airways-owner International Airlines Group (IAG) warning over profits following the referendum result.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here