Looks like tough luck for the LCCs, maybe not much affect on BA. https://www.ft.com/content/d39943fa-130d-11e7-b0c1-37e417ee6c76 British airlines could face severe restrictions on European flights immediately after a “hard” Brexit, the European Commission has warned, as the UK prepares for the formal process of leaving the EU. Commission officials recently told British airline representatives that under a transitional deal after a hard Brexit UK carriers would be able to operate only direct flights between the UK and the EU, according to two people familiar with the discussions. Under such restrictions, airlines such as easyJet and BMI, which currently fly between destinations in the continental EU, such as Milan to Munich, would not be able to operate such routes without changing their status. Should Britain also impose the same restrictions on EU airlines, Ryanair could be prevented from operating intra-UK flights. IAG, parent company of British Airways, will not be affected by the restrictions, as all BA flights currently leave from or arrive in the UK. But the company must still satisfy regulators that it is majority-EU owned after Brexit, despite having a large number of UK shareholders and being 20 per cent owned by Qatar Airways.