Mytravel shares fall
Join Date: Aug 2010
Location: BHX
Posts: 210
Likes: 0
Received 0 Likes
on
0 Posts
I think you'll find all travel companies discount holidays to attract sales. Large scale seat dumping was what MYT have done in the past 2 summers due to hundreds of thousands of unsold holidays. They were dumped on the market at a loss. There is a clear distinction chaps !
Kinsman claims on 18th April that TC has dumped seats on the market. That is plainly not true.
Enjoy your summer boys !
Kinsman claims on 18th April that TC has dumped seats on the market. That is plainly not true.
Enjoy your summer boys !
Join Date: Jun 2001
Location: in the hills
Age: 68
Posts: 358
Likes: 0
Received 0 Likes
on
0 Posts
spy and kinsman
Sorry I haven't been able to return more quickly to this thread.
I have been too busy arranging large amounts of finance to buy MYT shares. It proved quite hard to raise the cash to buy the whole company in the end. Alas, my missus had mislaid her purse. But, don't fret lads. She has promised to go to the cash machine for the other fifty quid before the market opens at 8.30 on Monday morning....
Did I ever offer to speak on your behalf Spy???
Me thinks everyone should take a while to calm down. No one is bashing MYT. The facts speak for themselves. If the company was really viable, the shares would not be 8 1/2 p.
Sorry I haven't been able to return more quickly to this thread.
I have been too busy arranging large amounts of finance to buy MYT shares. It proved quite hard to raise the cash to buy the whole company in the end. Alas, my missus had mislaid her purse. But, don't fret lads. She has promised to go to the cash machine for the other fifty quid before the market opens at 8.30 on Monday morning....
Did I ever offer to speak on your behalf Spy???
Me thinks everyone should take a while to calm down. No one is bashing MYT. The facts speak for themselves. If the company was really viable, the shares would not be 8 1/2 p.
Join Date: Nov 2003
Location: UK
Posts: 109
Likes: 0
Received 0 Likes
on
0 Posts
Wheelbarrow
As a matter of fact you did!
"Everyone here can see that all you are doing is trying to divert attention from a company ........."
Should try reading your own posts, Oh! sorry I forgot you don't read what is written do you, just like to stir up a lot of ****.
Only the name changes I see not the attitude ......
"The facts speak for themselves. If the company was really viable, the shares would not be 8 1/2 p"
I think things would be much calmer if you stopped posting such inflammatory remarks. You accuse others of nonsensical arguments and paranoia and claim not to be "MYT bashing" but that is all you ever do. You managed to claim not to be MYT bashing and then proceed to make a crass statement like that all in one sentance, outstanding!
Feel free to reply in you normal style, I am sure you will anyway, I can no longer be bothered with you!
As a matter of fact you did!
"Everyone here can see that all you are doing is trying to divert attention from a company ........."
Should try reading your own posts, Oh! sorry I forgot you don't read what is written do you, just like to stir up a lot of ****.
Only the name changes I see not the attitude ......
"The facts speak for themselves. If the company was really viable, the shares would not be 8 1/2 p"
I think things would be much calmer if you stopped posting such inflammatory remarks. You accuse others of nonsensical arguments and paranoia and claim not to be "MYT bashing" but that is all you ever do. You managed to claim not to be MYT bashing and then proceed to make a crass statement like that all in one sentance, outstanding!
Feel free to reply in you normal style, I am sure you will anyway, I can no longer be bothered with you!
Last edited by spy; 24th Apr 2004 at 10:10.
Join Date: Dec 2002
Location: United Kingdom
Posts: 42
Likes: 0
Received 0 Likes
on
0 Posts
If MYT was going to go we would have by now!!!
The banks now our balance sheets better than anyone, on hear, unless you work for the said bank, and would not have backed us further if they thought it was not worth it!
MYT hadn't been mentioned on here for a few weeks so it's was only a matter of time before we were on the front page again!!
The banks now our balance sheets better than anyone, on hear, unless you work for the said bank, and would not have backed us further if they thought it was not worth it!
MYT hadn't been mentioned on here for a few weeks so it's was only a matter of time before we were on the front page again!!
Join Date: Apr 2000
Posts: 257
Likes: 0
Received 0 Likes
on
0 Posts
My last post on this thread.
Lima you are correct I did infer inadvertently that TC had dumped holidays on the market. My information, though I cannot confirm it, is that TC went on an aggressive sales campaign to try and knock MYT over the edge in the first three months of this year. If this was the intention they appear for the moment to have failed.
Of course you may well be correct and TC were simply trying to boost their own market share. My point was that a lot of play has been made about MYT flooding the market with cheap holidays and of course they have but TC have been doing the same all be it for other reasons. Cheap holidays in large numbers are not good for the industry as a whole; it really makes no difference if they were dumped, as with MYT or heavily discounted as part of a marketing campaign, the net effect is the same.
It would appear from the TTG that TC's campaign was at least succesful in as much as they achieved a higher volume of sales compared to the same period last year.
Once again may we all have a good summer.
Lima you are correct I did infer inadvertently that TC had dumped holidays on the market. My information, though I cannot confirm it, is that TC went on an aggressive sales campaign to try and knock MYT over the edge in the first three months of this year. If this was the intention they appear for the moment to have failed.
Of course you may well be correct and TC were simply trying to boost their own market share. My point was that a lot of play has been made about MYT flooding the market with cheap holidays and of course they have but TC have been doing the same all be it for other reasons. Cheap holidays in large numbers are not good for the industry as a whole; it really makes no difference if they were dumped, as with MYT or heavily discounted as part of a marketing campaign, the net effect is the same.
It would appear from the TTG that TC's campaign was at least succesful in as much as they achieved a higher volume of sales compared to the same period last year.
Once again may we all have a good summer.
Last edited by kinsman; 24th Apr 2004 at 22:34.
Join Date: Aug 2010
Location: BHX
Posts: 210
Likes: 0
Received 0 Likes
on
0 Posts
I'm glad we've cleared that up Kinsman. I can honestly tell you that the opinion amongst management at Thomas Cook is that MYT going bust would not be a good thing for the industry and no concerted attempt to inflict that upon your company is being instigated. I don't know who your sources are at TC but if that is the line you are being fed by them then you are being lied to.
Thomas Cook have not being selling holidays at a loss to drive you out of business. If there was some kind of plot I'm sure the tour operators would have ganged up on you by now as happened with Laker Airways.
Consider for a minute the chaos that would ensue if your company was to cease trading next week. May I suggest you employ a little perspective. All I ever seem to see when your company is being discussed rightly or wrongly is swipes at Thomas Cook by some of your employees on this site.
Perhaps you guys should branch out socially and add TUI, First Choice or Monarch to your repertoire. Or better still get some friends at TC who are better informed or wish you no malice,
Rant over. I sincerely hope the summer goes well for MYT.
Thomas Cook have not being selling holidays at a loss to drive you out of business. If there was some kind of plot I'm sure the tour operators would have ganged up on you by now as happened with Laker Airways.
Consider for a minute the chaos that would ensue if your company was to cease trading next week. May I suggest you employ a little perspective. All I ever seem to see when your company is being discussed rightly or wrongly is swipes at Thomas Cook by some of your employees on this site.
Perhaps you guys should branch out socially and add TUI, First Choice or Monarch to your repertoire. Or better still get some friends at TC who are better informed or wish you no malice,
Rant over. I sincerely hope the summer goes well for MYT.
Join Date: Apr 2000
Posts: 257
Likes: 0
Received 0 Likes
on
0 Posts
Fair enough Lima. I know a good number of guys inside TCUK and the story did not come from them you will be pleased to hear but a couple of senior individuals in another operator over a beer. Have not taken a swipe at Monarch or First Choice as both are well run operations making money. You have to admire Monarch no matter what happens in the industry they just seem to keep jogging along making money. All the problems are related to the German operations and MYT. TCUK it appears is also doing well after some bad years which is good to see; it is just their German parent having problems.
Understand much I have said on these threads is aimed at the attitude of certain individuals who despite their assertions to the contrary seem to derive some perverse pleasure in spreading doom and gloom about MYT or put less politely talk out their A*** without any consideration for those affected.
I am well aware of the reality of the situation and the impact of MYT failing will have on our industry and all the support operations who do business with us. The fall out would have a terrible human cost. Those of us who have been round long enough have seen it before in this industry and others and I for one would not whish that on anyone or whish to add to the uncertainty that keeps some awake at night fretting over how they will pay the bills if the worst happens. This sort of humanity is lost on some who seem oblivious to the affect their uninformed statements and smart remarks have on many who read these threads who are directly affected. I know they do not have to read what is written but many have been so worried they are drawn to read every snippet of information and then fret over it.
We are surrounded by some of the nicest people in the world in this industry; unfortunately there are also some really unpleasant individuals out there too. I have fought MYT’s corner on these forums not always convinced of the company’s viability because it is very easy for rumour to drive a company out of business.
I do now believe MYT has a future with the new team at the top and the changes that are being made, which is why I am still working for them despite some good offers elsewhere. But as always much depends on public confidence, rumour and negative press will not help the recovery.
I have always felt this site is a dangerous tool given its anonymous nature. But it is a fact of life so for my part I have done my best to defend MYT. Sometimes I have fought fire with fire.
Now this really is my last post on this thread.
Understand much I have said on these threads is aimed at the attitude of certain individuals who despite their assertions to the contrary seem to derive some perverse pleasure in spreading doom and gloom about MYT or put less politely talk out their A*** without any consideration for those affected.
I am well aware of the reality of the situation and the impact of MYT failing will have on our industry and all the support operations who do business with us. The fall out would have a terrible human cost. Those of us who have been round long enough have seen it before in this industry and others and I for one would not whish that on anyone or whish to add to the uncertainty that keeps some awake at night fretting over how they will pay the bills if the worst happens. This sort of humanity is lost on some who seem oblivious to the affect their uninformed statements and smart remarks have on many who read these threads who are directly affected. I know they do not have to read what is written but many have been so worried they are drawn to read every snippet of information and then fret over it.
We are surrounded by some of the nicest people in the world in this industry; unfortunately there are also some really unpleasant individuals out there too. I have fought MYT’s corner on these forums not always convinced of the company’s viability because it is very easy for rumour to drive a company out of business.
I do now believe MYT has a future with the new team at the top and the changes that are being made, which is why I am still working for them despite some good offers elsewhere. But as always much depends on public confidence, rumour and negative press will not help the recovery.
I have always felt this site is a dangerous tool given its anonymous nature. But it is a fact of life so for my part I have done my best to defend MYT. Sometimes I have fought fire with fire.
Now this really is my last post on this thread.
Last edited by kinsman; 25th Apr 2004 at 11:41.
Join Date: May 2002
Location: UK
Age: 54
Posts: 200
Likes: 0
Received 0 Likes
on
0 Posts
Just an observation from an onlooker who has lurked on various MYT threads...
It does appear Mr Kinsman that you have an accute sense of paranoia (which is fully justified given the perilous state of affairs at MYT).
To me, it also seems that everytime MYT is mentioned you are determined to throw mud at Thomas Cook when you should concentrate on matters closer to you.
Best of luck, and by the way BA are recruiting (the airline SPY insists are bankrupt) - if you feel lucky!
It does appear Mr Kinsman that you have an accute sense of paranoia (which is fully justified given the perilous state of affairs at MYT).
To me, it also seems that everytime MYT is mentioned you are determined to throw mud at Thomas Cook when you should concentrate on matters closer to you.
Best of luck, and by the way BA are recruiting (the airline SPY insists are bankrupt) - if you feel lucky!
I am trully glad that I am not of a nervous disposition when I read all the negative stuff relating to MYT. They are my single biggest client, providing over a third of my annual commisions.
But then again, I have been hearing this stuff for years.
I was on a shoot for MYT in India when Crossland left and was assured by many, that I would never be paid for the work.
I then went off to Thailand on a job with the warnings blaring in my ears yet again.
I have just returned from a 3 week shoot In Cuba, again for MYT and was paid promptly.
They have booked me for a three week shoot in the Canaries (my home patch) and are also dangling the possibility of a New York/ Las Vegas shoot in the not too distant future.
Bear in mind, everything from Cuba forwards is for the 2005 season and followed a period of restructuring and selection of a meaner, leaner band of photographers, who we are all currently charging around the planet with cameras strapped to their foreheads !!
Someone somwhere in MYT obviously believes in the company's survival, not to mention the thousands of hoteliers worldwide who are signing contracts for next year.
Heres too ya MYT !!!!
But then again, I have been hearing this stuff for years.
I was on a shoot for MYT in India when Crossland left and was assured by many, that I would never be paid for the work.
I then went off to Thailand on a job with the warnings blaring in my ears yet again.
I have just returned from a 3 week shoot In Cuba, again for MYT and was paid promptly.
They have booked me for a three week shoot in the Canaries (my home patch) and are also dangling the possibility of a New York/ Las Vegas shoot in the not too distant future.
Bear in mind, everything from Cuba forwards is for the 2005 season and followed a period of restructuring and selection of a meaner, leaner band of photographers, who we are all currently charging around the planet with cameras strapped to their foreheads !!
Someone somwhere in MYT obviously believes in the company's survival, not to mention the thousands of hoteliers worldwide who are signing contracts for next year.
Heres too ya MYT !!!!
Join Date: Apr 2004
Location: Glasgow
Posts: 21
Likes: 0
Received 0 Likes
on
0 Posts
Bucking Bronco,
Difficult as it may be to believe, not everybody wants to join British Airways! Fifteen years for a long haul command? No offence to anyone who wants to go but the end simply doesn't justify the means for most of us. Particularly when BA is also a company in major debt. Besides, I like my week trips to the Maldives and Barbados!
Difficult as it may be to believe, not everybody wants to join British Airways! Fifteen years for a long haul command? No offence to anyone who wants to go but the end simply doesn't justify the means for most of us. Particularly when BA is also a company in major debt. Besides, I like my week trips to the Maldives and Barbados!
Join Date: Nov 2003
Location: UK
Posts: 109
Likes: 0
Received 0 Likes
on
0 Posts
Bucking Bronco (or is it wheelbarrow you sound so alike?)
Try reading what is written!
You might also look up the word paranoia! Think you will find Kinsman like many of us just gets tired of malignant A********.
Some of us chose not to join BA for many reasons, we even have had the offer, hope your not too shocked! No reflection on BA just not what everyone wants.
Try reading what is written!
You might also look up the word paranoia! Think you will find Kinsman like many of us just gets tired of malignant A********.
Some of us chose not to join BA for many reasons, we even have had the offer, hope your not too shocked! No reflection on BA just not what everyone wants.
Last edited by spy; 27th Apr 2004 at 23:33.
Join Date: May 2002
Location: UK
Age: 54
Posts: 200
Likes: 0
Received 0 Likes
on
0 Posts
db767 and Spy
If you read the following post...
Good news - BA recruits again
My post is the towards the bottom of the first page and says...
At the end of the day I think that MYT is very close to the edge. As we all know aviation careers are all about timing, luck and 20/20 hindsight. When the writing appears to be on the wall it is wise to seek alternative employers, for this reason I mentioned BA. I am not so narrow minded to say that BA is the be and end all (see my other post above) but it provides another option of putting food on the table.
I for one, hope that my predictions for MYT are wrong and that it turns itself around. If it does go tits up though and the guys in the company haven't had the foresight to start putting tentative fingers in other pies (BA/CX/EK etc) then that would smack of narrow mindedness on their behalf.
Good day and Good luck
If you read the following post...
Good news - BA recruits again
My post is the towards the bottom of the first page and says...
From the inside...
When the CRA goes up in Oct 2006 short haul command up to 19 years, 747-400 command 24 years. Also no FSS pension, I wouldn't do it.
If I had the experience that was needed I'd probably join Emirates if command time was a big factor.
Cheers and Good Luck!
When the CRA goes up in Oct 2006 short haul command up to 19 years, 747-400 command 24 years. Also no FSS pension, I wouldn't do it.
If I had the experience that was needed I'd probably join Emirates if command time was a big factor.
Cheers and Good Luck!
I for one, hope that my predictions for MYT are wrong and that it turns itself around. If it does go tits up though and the guys in the company haven't had the foresight to start putting tentative fingers in other pies (BA/CX/EK etc) then that would smack of narrow mindedness on their behalf.
Good day and Good luck
Join Date: Aug 2000
Posts: 496
Likes: 0
Received 0 Likes
on
0 Posts
you can be as close to the edge as you like so long as you don't go over. despite all those out there who state they hope it don't happen (but mean they do), the staff at myt have fought hard to keep the ship afloat and i for one believe they're here to stay.
despite all the talk, in the last couple of weeks eac and duo have gone - who predicted that? trouble is, there's nearly always 3, but the favourite doesn't always fall.
despite all the talk, in the last couple of weeks eac and duo have gone - who predicted that? trouble is, there's nearly always 3, but the favourite doesn't always fall.
Join Date: Apr 2004
Location: Glasgow
Posts: 21
Likes: 0
Received 0 Likes
on
0 Posts
Bucking Bronco,
MyTravel have been fighting a very serious situation for two years now. What is it about this particular point in time that's so different? Fortunately, the general opinion within those who are actually in possession of at least some of the facts seems to be that things are very slowly improving. But then we read advice from pillocks like yourself saying things like "close to the edge" and "writing appears to be on the wall" and advising us to give up our widebody long haul commands (in a lot of cases) to go and become short haul First Officers for the likes of BA where we can expect to serve the rest of our careers (in a lot of cases) in the right hand seat. Strange as it may seem, we are all aware of that particular option but are generally happy to wait until the ship actually sinks before we choose to follow such enlightened advice. If I had actually followed your advice I would have applied to Emirates two years ago. Let's suppose I did and that I got in and they had offered me a job. MyTravel didn't go bust so I would have turned EK down as I'm happy where I am (I know you struggle with that concept but please try). If I'd turned down Emirates and then MYT did go down the pan they probably wouldn't be interested in my subsequent re-application. So by following your advice of "It looks close to the edge!!! Panic! Panic! Run away! Accept crap jobs while you still can!" I would currently have even less options to play with. For what it's worth, I spent many years working in the Middle East in a former life and have no desire to go to Emirates regardless of what happens - but that's just me.
Let's be realistic here - you haven't got the faintest clue what the future holds for MyTravel (or anyone else for that matter) and neither do I. The only difference is you are professing to know and scaremongering but everyone's heard it all over and over again and frankly it's getting boring!
MyTravel have been fighting a very serious situation for two years now. What is it about this particular point in time that's so different? Fortunately, the general opinion within those who are actually in possession of at least some of the facts seems to be that things are very slowly improving. But then we read advice from pillocks like yourself saying things like "close to the edge" and "writing appears to be on the wall" and advising us to give up our widebody long haul commands (in a lot of cases) to go and become short haul First Officers for the likes of BA where we can expect to serve the rest of our careers (in a lot of cases) in the right hand seat. Strange as it may seem, we are all aware of that particular option but are generally happy to wait until the ship actually sinks before we choose to follow such enlightened advice. If I had actually followed your advice I would have applied to Emirates two years ago. Let's suppose I did and that I got in and they had offered me a job. MyTravel didn't go bust so I would have turned EK down as I'm happy where I am (I know you struggle with that concept but please try). If I'd turned down Emirates and then MYT did go down the pan they probably wouldn't be interested in my subsequent re-application. So by following your advice of "It looks close to the edge!!! Panic! Panic! Run away! Accept crap jobs while you still can!" I would currently have even less options to play with. For what it's worth, I spent many years working in the Middle East in a former life and have no desire to go to Emirates regardless of what happens - but that's just me.
Let's be realistic here - you haven't got the faintest clue what the future holds for MyTravel (or anyone else for that matter) and neither do I. The only difference is you are professing to know and scaremongering but everyone's heard it all over and over again and frankly it's getting boring!
I am a figment of my own imagination
Join Date: Oct 2000
Location: Jeddah, Saudi Arabia
Posts: 726
Likes: 0
Received 0 Likes
on
0 Posts
Well having plowed through that lot I would simply say that in stark contrast to the vitriol and acid on the BA thread the dissent here is quite couth and positively gentlemanly.
Yes the market has been adversly affected and there have been casualties. MYT continues to fly, long may it go on, and a large section of our professional collegues continue to support themselves and their families. One ceratinly hopes that the coming summer, still pissing down outside, will put punters backsides where they do us all some good, the industry regain some of it's vitality, and a tiny bit more optimism into the gloom and doom merchants around here.
Yes the market has been adversly affected and there have been casualties. MYT continues to fly, long may it go on, and a large section of our professional collegues continue to support themselves and their families. One ceratinly hopes that the coming summer, still pissing down outside, will put punters backsides where they do us all some good, the industry regain some of it's vitality, and a tiny bit more optimism into the gloom and doom merchants around here.