A4
I think our figures for the winter will be terrible even worse than last year! My guess is it will be timed to coincide with the news of a secured refinancing package to soften the blow. All in all not a good time to buy MYT shares but I believe the worst is behind us at last! Much of the loss will be down to all the changes made to put the company back on the path to recovery. No doubt the papers like the mail and that little fat man on the BBC will tell us how badly we are doing but you can't make an omelette without breaking a few eggs!
I also believe that the worst is yet to come for some others such as TUI. After all many of the old Airtours board are now working for them in the UK! I think the next year will see TUI and a few others suffer the similar traumas to MYT. Not going to be a good year in this industry.