BOOKINGS for MyTravel have “deteriorated” in the past couple
of weeks, according to chief executive Peter McHugh.
Speaking at the Group’s Annual General Meeting in
Manchester, McHugh said: “With the Iraq crisis developing on a daily basis,
this is clearly a very difficult time for the industry. However, the board are
taking the necessary actions to respond to the situation.”
Despite market conditions, Group winter bookings are 4%
behind last year, with UK winter bookings 7% down on last year – both in line
with capacity cuts.
Summer bookings for the Group are 3% ahead of last year on
an 8% reduction in capacity, while UK summer bookings are up 7% on last year on
an 11% reduction in capacity.
As a result of capacity cuts, there are half a million fewer
holidays in the UK to sell than at this time last year.
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