MyTravel
MyTravel have issued what seems to be another profit warning blaming a weak late summer season due to holidays been sold at discount rates. Some people think this was to be expected whilst others seem surprised.
MyTravel say they have further non core businesses that are to be sold to raise cashflow and that winter 2003/2004 and summer 2004 was encouraging and within acceptable limits.
What are your views on MyTravel chance of survival? Do you think they will reduce the company to just uk operations and sell off everything else or do you think it's the beginning of the end.
I hope they pull through, lots of people did not think they would still be here in November.