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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.