It is not uncommon for management to blame external factors. Not one, but rather a laundry list of external factors. It is actually common. Many management teams are rather pathetic in their pleas for patience.
A lower pound likely did speed up their demise, but it is part of a broader structural change in the travel industry. If the company has a business model worth resurrecting, it will be with a smaller footprint and less debt.
A lower pound likely did speed up their demise, but it is part of a broader structural change in the travel industry. If the company has a business model worth resurrecting, it will be with a smaller footprint and less debt.
