We’ve been warned that Brexit could spell the end of cheap travel. But is it really true that Britain voting out of Europe would hit holidaymakers in the pocket?
Easyjet’s boss Dame Carolyn McCall said before that Brexit ‘wouldn’t be good for Britain’. And in a company prospectus, the airline warned this year that if Britain votes out in the EU referendum in June, then it could have a ‘material adverse effect’ on the budget airline. But does this hold up to scrutiny?
Easyjet says that:
‘The outcome of this decision (in the referendum) could have a material adverse effect on easyJet’s financial condition and results of operations.’
Obviously for passengers, bad financial conditions for a company mean rising ticket prices. But although the suggestion is that Brexit would lead to this ‘adverse effect’, the airline actually refers to political uncertainty being the cause, whatever the outcome of the referendum.
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