Stand 22, I'm afraid the media exposure (fairly or unfairly) goes with being a publicly quoted company on the stock exchange.
Exposed dubious accounting practices, a multitude of profit warnings, re-financing deadlines and the turnover of boardroom staff are likely to attract the interest of media vultures.
Lou Scannon, I disagree that TCX has not taken desperate measures. Redundancies, fleet reductions, pay cuts & freezes and an assortment of other cost-cutting measures were applied post Sep 11th. The German operation is now suffering the same pain the UK arm had to endure (13 757s taken out of service).
MYT took a gamble by not reducing capacity 2 years ago like the other charter operators and this unfortunately is why they are paying for it now.