MYTRAVEL chairman David Crossland has described the
company’s performance in 2002 as “unacceptable”.
In its annual report, Crossland said difficult trading
conditions, a poor performance in the UK and accounting problems led MyTravel
to experience “the worst year in its history”.
However, the report failed to reveal the pay-offs
given to former chief executive Tim Byrne and finance director David Jardine.
Despite the company’s
performance, Byrne and Jardine still pocked £688,000 and £506,000 respectively.