Imagine how this looks to someone on the inside looking out!
We've got Frentzel trying desperately to save his job by annoucing yet another ill-thoughtout idea to have a global european brand. His presentation had almost zero content but much amusing managmentese, this is my favourite:
On top of that, we have also identified an additional earnings growth potential for our tourism division, on the proviso that the geopolitical framework will not be affected by any exogenous shocks.
The simple fact it seems is that no-one in the tourism sections has the faintest idea how to grow the company. Peter Rothwell is doing an admirable job of presiding over the collapse of yet another British tour operator. Ironic that MyTravel announced a return to profit on the same day.