MYTRAVEL
group finance director David Jardine and global development division chief
executive Richard Carrick have left the company following the publication of
its results for the year.
The
figures, which were supposed to have been published on Nov 26, revealed a group
loss of £72.8 million. Operating losses were £24.1 million while UK turnover
was down 7%.
The
company has also been forced to admit £26 million worth of accounting errors
have mounted up over recent years because of “serious control failures.”
Chairman
David Crossland said: “MyTravel has gone through the worst year in its history.
The group’s performance has been unacceptable. However, the level of bookings
we are achieving this year gives me reason for optimism.”
Group
bookings for 2003 are 40% up on last year with prices 5%.
Carrick
is to leave the company as the global development division is being disbanded. Jardine,
meanwhile, is to be replaced by former non-executive director Kazia Kantor.