By competing, the likes off first choice have a turnover of around 2.5 billion, easyjet 1 billion, British Airways 7.5 billion, etc etc. MT will have to get smarter, there's plenty of billions of pounds worth of custom out there.
The outlook for the travel sector is quite good, it has been through the worst period of trade for many years but still creates billions of revenue. MT still has a 3 billion or so turnover despite all its troubles.
It will be interesting to see how MT will develop their UK business stategy. One things for sure, they would'nt be here now if the banks did'nt believe in them turning things around, they had a very easy opportunity to pull the plug. I'm sure some of MT's competitors will be keeping an eye on them now the debt problem has been relieved. Takeover's not out of the question either, all in all (and at this level 5-6p) my view is that it's not a bad risk to take.
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