Hi
Just been writing an essay for my business degree, came across this in case anyones interested. The My Travel Group made a profit of 55.2 million. All divisions made a profit with the exception of the UK (-29.5 million) – however this was a 48% improvement on last year. Looks like their financial troubles are behind them.
Here’s a more detailed breakdown:
Group operating profit* increased by £42.3m to £55.2m in the year compared to a
pro forma** profit of £12.9m in the comparable prior 12 month period (13 months
to October 2004: operating loss of £17.5m).
• UK operating loss* reduced by 48% to £29.5m from a pro forma loss of £57.0m in
the prior year (13 months to October 2004: loss of £85.3m).
• Northern Europe achieved another record performance, with operating profit* in
the year of £63.6m compared with a pro forma profit of £45.9m in the prior year
(13 months to October 2004: £48.5m).
• North America reported an operating profit* of £17.5m compared with a pro
forma profit of £17.5m in the prior year (13 months to October 2004: £12.1m).
• Loss on ordinary activities before tax reduced to £18.3m compared with a pro
forma loss of £153.4m in the prior year (13 months to October 2004: loss of
£190.3m)
By: SOFTLAD - 16th December 2005 at 19:16
It will be killing MyTravel to increase the seat pith up to 31″. But to push it up to 33″ i think that would finish some of the directors off. Which in turn would not be a bad thing.
By: topjet330 - 16th December 2005 at 19:03
Hi,
Not sure about those A320s? However, along with a revamp of MyTravel Airways Premier Gold Service this year, from November 2006, standard seat pitch on long haul A330-200s services will be increased to 31″ – the same as British Airways.
Regards
MyTravel UK
i am sure it wouldnt hurt to crank it upto 33″ give some serious competition to FCA.
By: MyTravel UK - 16th December 2005 at 18:55
Hi,
Not sure about those A320s? However, along with a revamp of MyTravel Airways Premier Gold Service this year, from November 2006, standard seat pitch on long haul A330-200s services will be increased to 31″ – the same as British Airways.
Regards
MyTravel UK
By: topjet330 - 16th December 2005 at 10:08
Where did you hear about the a320’s? Iwouldnt be surprised if in the long run they start to use the lcc’s to operate the short haul flights.
Jethro.
By: MyTravel84 - 16th December 2005 at 10:02
Where did you hear about the a320’s? Iwouldnt be surprised if in the long run they start to use the lcc’s to operate the short haul flights.
By: topjet330 - 15th December 2005 at 22:07
They have just announced the loss of another 2 A320’s so eventually if they carry on what planes will they have to fly these medium routes.
By: cloud_9 - 15th December 2005 at 15:52
Also it appears that My Travel are set to concentrate more on medium/long haul routes.
I am not suprised at all…its because of the competition from the low-cost carriers.
I heard a rumour that First Choice Airways were going to reduce their European routes served by lo-co’s because they just can’t compete! But it still means they will continue to fly to Greece, Cyprus, Turkey, and the Canary Islands! 😀
By: MyTravel84 - 15th December 2005 at 14:35
Also it appears that My Travel are set to concentrate more on medium/long haul routes. “Transitioned more of our flying from short haul to medium and long haul“. All those posts a while back about my travel ceasing to carry out long haul operations are unfounded so basically we’ll still be seeing the cool A330 at manchester for a long while yet!
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December 15, 2005 at 2:30 pm