BusinessCompany NewsMyTravel finance chief steps down

MyTravel finance chief steps down

MyTravel finance director David Jardine has left the struggling company 'with immediate effect', and has been replaced by current non-exec Kazia Kantor.

Link: MyTravel destination unknown

The news came as the tour operator was at last able to post final results, after successfully negotiating an extension of its £250m credit deal until the end of 2003.

It announced a loss of £72.8m for the year ending 30 September 2002, compared to a profit of £62.3m the year before.

MyTravel said the year had been difficult because of ‘changed booking patterns’ following September 11 and a weak performance in the UK.

The company announced three profit warnings between May and November, and recently saw the resignation of chief executive Tim Byrne.

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