MyTravel bookings ‘deteriorated’ in recent weeks

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.