Following the UK vote to leave the European Union on June 23, airline shares are undervalued, according to EasyJet chief executive Carolyn McCall in her comments at a recent conference in London. EasyJet’s share price has fallen by 22% since the referendum result was announced. Shares are so low she said that she was not surprised that companies are looking to takeover airlines. In response to a request for comment on rumours AerCap had approached the airline, she added that the takeover rumour was pure “speculation” that she didn’t know where it came from.
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