MyTravel Group PLC
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MyTravel Group PLC is a package holiday company based in the United Kingdom. The group includes brands such as Airtours, Aspro, Cresta, Direct Holidays, Escapades, Manos and Panorama in the UK, Sunquest and ALBA Tours in North America, and Ving, Always, Tjæreborg, Spies, Skibby, MyTravel Tango, Bridge and Saga Solreiser in Scandinavia. The company also includes an in-house airline, MyTravel Airways.
History
The group was founded under the Airtours brand in 1972, when David Crossland purchased a series of small travel agencies in Lancashire, United Kingdom. The group began operating package holidays and launched its own in-house charter airline, in the early 1980s.The company ran into severe financial difficulties in 2004 and needed to implement a debt-for-equity swap to prevent it going into receivership. It has since completed its financial restructuring and has seen a turnaround in its business and its North America and Northern European divisions have been recording record profits for the last 2 years.
In 2004/2005, MyTravel took 5.7 people million on holiday of which 3.4 million where from the UK, 1.5 million from Northern Europe and 0.8 million from North America.
News
MyTravel Group PLC Announce Half Year Interim Results. Presentation Available For Review Here:
External links
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