Guest

Airtours Made A £67 Million Loss!

Wed Jun 21, 2000 5:39 am

Airtours International,Airtours Holidays, Going Places and Aspro LTD anounced that in 1999 the Airtours Group (including Skyservice,Premiair, FLY fti ect.) made a £67million loss.
double the amount lost in 1998.

Airtours PLC announced:

Sadly Airtours PLC has been slowly making a loss over the last 4 years,In 1999 the Amount lost was much more than we expected, and I fear a worst amount for 2000.

How long do you thing Airtours can hold out?
If they are losing so much then why are they buying A330's and thinking about the 757-300?

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Guest

RE: Airtours Made A £67 Million Loss!

Wed Jun 21, 2000 5:55 am

For a company the size of Airtours this is not a lot of money. Airtours International is only a small part of a global group that includes travel agents, tour companies, hotel chains, airlines and curise ships.

I don't think you will be seeing Airtours go out of business. They have made a lot of acquisitions recently to expand their business that will put a dent on their balance sheet. Airtours don't own any of their aircraft so the aquisition cost of an A330 will be a fairly small monthly amount to a finance company.

Where did you get this from;
-----
Airtours PLC announced:

Sadly Airtours PLC has been slowly making a loss over the last 4 years,In 1999 the Amount lost was much more than we expected, and I fear a worst amount for 2000
-----
Airtours made a profit every year for the last 5 years.
£M (1995)59.4 (1996)86.8 (1997)120 (1998)140 (1999)151

Your quote doesn't sound like something from an official press release (they usually check their spelling  )
 
Guest

RE: Airtours Made A £67 Million Loss!

Wed Jun 21, 2000 6:50 am

It is not a quote, just from memory, and I am a rubbish speller.

It was a bit of all mixed in to one,
The figues came from Airliner World (so I can't Garantee it is true)
and the rest are small bits of info from other sources.

To be honest, If Airtours did go, I would not miss them.
Sorry!

UK FLY



FLY BRITANNIA VIRTUAL
http://BritanniaVA.worldzone.net
 
prebennorholm
Posts: 6430
Joined: Tue Mar 21, 2000 6:25 am

RE: Airtours Made A £67 Million Loss!

Wed Jun 21, 2000 8:12 am

Summer 1998 was a disaster for Airtours in Scandinavia. Their old planes broke down all over and they (Premiair) had no spare planes for replacement. Consequently people arrived one or one and a half day late and came back home up to three or four days late.
Daily newpapers hunted them day by day, and the CAA became "very interested" in the safety of their planes.
Since then people who are asking for anything but the very cheapest holiday tours always put one condition up when they order a holiday at their travel agency: That they are not going to fly on Premiair.
Nobody will ever make money with such a reputation. It will take years to restore some sort of reputation. Maybe they will have to change the name like Value Jet did.
Always keep your number of landings equal to your number of take-offs

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