United Kingdom
United States
Asia Pacific
Airtours ‘cautiously optimistic’ for year ahead
Airtours has released its annual company statement saying that it expects customers, in all markets, to book their holidays later this year.
Commenting on Airtours’ trading position, Tim Byrne, Chief Executive of Airtours plc, said: “As we said when we reported last year’s results in November, growth this year will be challenging. The trading conditions we have seen since then give us no reason to change our view at this time. The improvement in summer bookings seen since Christmas was as expected. We continue to actively manage our capacity in response to the trends in customer demand, particularly as further market research we have carried out suggests that customers, in all markets, will book their holidays later this year.
As a consequence of a poor first quarter following 11 September, we will see significantly increased losses for the first half of this financial year. Whilst it is still early in the booking cycle, we believe supply and demand will be in line in our major markets and we continue to be cautiously optimistic for the full year. The actions we have taken in respect of overhead costs and the continued improvement of markets suggest a very positive outlook thereafter. In addition, we are very pleased with the response of our customers to the launch of the MyTravel.com website and the opening of the initial wave of MyTravel stores.”
*Shareholders approved the decision to change the name of the group from Airtours to MyTravel at the company’s annual general meeting, which took place in Manchester on Thursday (February 7).
Read the full Airtours annual general meeting statement
Related News Stories:
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Tricia Handley-Hughes of Inteletravel announces the location for the TravelQuest 2025 conference
Insights from James Ferrara on Inteletravel’s Growth and Future
Tricia Handley-Hughes on Inteletravel’s Growth and Challenges
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Dozens fall ill in P&O Cruises ship outbreak
Woman dies after getting ‘entangled’ in baggage carousel
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Protestors now targeting Amsterdam cruise calls