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Ryanair to 'Pivot' to Mainland Europe From U.K. After Brexit Vote

Irish airline Ryanair (RYAAY) on Monday warned it plans to "pivot" its growth away from U.K. airports to focus more on expanding at other European Union airports over the next two years, as a result of the June vote for Britain to leave the EU.

The airline said it also plans to cut capacity and frequency on many of its routes at its London hub airport, Stansted, this winter, although no routes will close. However, in the longer term, there may be opportunities for the airline if some of...