Canada sale on the cards as losses increase

Canada sale on the cards as losses increase

AIRTOURS is carrying out a review of its Canadian operations after another dismal performance in the three months to June 30.

The operator even warned it could sell some of its businesses if trading does not improve.

Group finance director Tim Byrne said:”We are on course to make a year-end loss of around £8m. We cannot let that continue.”

Bookings for summer 1999 are 11% down with overcapacity and the weak Canadian dollar being blamed.

The operator has reduced commission to save money and has also called on rivals to cutcapacity.

“The signs are encouraging but it will not impact the final quarter,” added Byrne.


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