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27/11/2001
Airtours reveals worldwide job losses
UK travel operator Airtours has announced plans to axe 1,600 jobs despite recently reporting a 57 per cent rise in annual operating profits.
The company have described the job losses as unavoidable, citing the tough trading conditions created in the wake of the September 11 terror attacks as adversely impacting on leisure travel industry.
It is thought that the job losses will occur across every division of Airtours, with employees in the US most affected by the move. Around 200 jobs are to go in the UK, with operations in German and Scandinavia also earmarked.
Commenting on the decision, Airtours Chairman David Crossland commented that “the outlook for the leisure travel industry this year is uncertain, and in the light of our record performance, growth this year will be challenging.”
However, he went on to project that the company’s performance would possibly recover by summer 2002, following the rebranding of Airtours as My Travel Group, pending shareholder approval. If given the go-ahead, the move will see Airtours’ subsidiary divisions - Airtours airline, Airtours Holidays and the Going Places travel agencies – regrouped and aligned under the same name. (CL)
The company have described the job losses as unavoidable, citing the tough trading conditions created in the wake of the September 11 terror attacks as adversely impacting on leisure travel industry.
It is thought that the job losses will occur across every division of Airtours, with employees in the US most affected by the move. Around 200 jobs are to go in the UK, with operations in German and Scandinavia also earmarked.
Commenting on the decision, Airtours Chairman David Crossland commented that “the outlook for the leisure travel industry this year is uncertain, and in the light of our record performance, growth this year will be challenging.”
However, he went on to project that the company’s performance would possibly recover by summer 2002, following the rebranding of Airtours as My Travel Group, pending shareholder approval. If given the go-ahead, the move will see Airtours’ subsidiary divisions - Airtours airline, Airtours Holidays and the Going Places travel agencies – regrouped and aligned under the same name. (CL)
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11 December 2003
MyTravel sails into a £911m loss
Struggling holiday firm MyTravel, formerly Airtours, reported overall losses of £911 million following a worse than expected trading year. In the year to September 30, the tour operator unveiled an operating loss of £358 million and a £359 million write-off of key assets that contributed to an exception items total of £473 million.
MyTravel sails into a £911m loss
Struggling holiday firm MyTravel, formerly Airtours, reported overall losses of £911 million following a worse than expected trading year. In the year to September 30, the tour operator unveiled an operating loss of £358 million and a £359 million write-off of key assets that contributed to an exception items total of £473 million.
15 April 2013
NI Firms More Optimistic On Job Creation Over The Next Year
The Barclays Job Creation Survey 2013, which questioned over 700 UK businesses, has revealed that Northern Ireland business executives have a growing optimism around private sector job growth in 2013.
NI Firms More Optimistic On Job Creation Over The Next Year
The Barclays Job Creation Survey 2013, which questioned over 700 UK businesses, has revealed that Northern Ireland business executives have a growing optimism around private sector job growth in 2013.
28 June 2004
The Travel Company buy up Corporate Travel International
PricewaterhouseCoopers (PwC), the joint administrators of Corporate Travel International have announced the successful sale of the business and assets of the subsidiary to The Travel Company.
The Travel Company buy up Corporate Travel International
PricewaterhouseCoopers (PwC), the joint administrators of Corporate Travel International have announced the successful sale of the business and assets of the subsidiary to The Travel Company.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
