London - EasyJet chief executive officer Carolyn McCall said financial markets “overreacted” to Britain’s decision to exit the European Union, as a feared drop in travel demand hasn’t been as severe as investors expected.
There was a “short-term” impact from the collapse of the pound in the aftermath of the referendum, McCall said Thursday in London. While that discouraged last-minute UK holiday planners, in the longer term “nothing has changed.”
“It was a seismic political decision for this country to take, and no one can underestimate that,” the CEO said, speaking at the World Low Cost Airlines Congress. “But actually everything we’re doing today is the same.”