EasyJet CE: Brexit uncertainty depresses airline values
EasyJet CE Carolyn McCall has acknowledged the UK’s vote to leave the EU has taken its toll on airline values, although she declined to comment on recent takeover speculation. In August, vague rumours emerged of a potential EasyJet takeover bid, with the airline’s founder, Stelios Haji-Ioannou, or leasing company AerCap tipped as would-be acquirers. “I don’t know where that [takeover] speculation came from and I wouldn’t comment on it, even if I did know,” McCall said. “Airlines are very undervalued at the moment. That is the market reaction [to Brexit], so it’s not surprising that everyone is looking at everything.” She added that EasyJet’s share price dropped by a third within 24 hours of the UK’s vote to leave the EU. “Any time there’s that of kind of swing in share price as a result of a political event, you’re going to look at the sector.” <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-09-21/unaligned/easyjet-ce-brexit-uncertainty-depresses-airline-values
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EasyJet CE: Brexit uncertainty depresses airline values
EasyJet CE Carolyn McCall has acknowledged the UK’s vote to leave the EU has taken its toll on airline values, although she declined to comment on recent takeover speculation. In August, vague rumours emerged of a potential EasyJet takeover bid, with the airline’s founder, Stelios Haji-Ioannou, or leasing company AerCap tipped as would-be acquirers. “I don’t know where that [takeover] speculation came from and I wouldn’t comment on it, even if I did know,” McCall said. “Airlines are very undervalued at the moment. That is the market reaction [to Brexit], so it’s not surprising that everyone is looking at everything.” She added that EasyJet’s share price dropped by a third within 24 hours of the UK’s vote to leave the EU. “Any time there’s that of kind of swing in share price as a result of a political event, you’re going to look at the sector.” <br/>
