TITLE

XL Leisure blames fuel prices for collapse

AUTHOR(S)
O'Flaherty, Kate
PUB. DATE
September 2008
SOURCE
Marketing Week;9/11/2008, Vol. 31 Issue 37, p45
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that XL Leisure Group, Great Britain's third largest package holiday company, has blamed rising fuel prices and the poor economic conditions for its collapse. According to the operator, it has been unable to obtain further funding, leaving thousands of holidaymakers stranded abroad. It has advised all of its customers who have yet to take their holidays to make alternative arrangements after going into administration on September 12, 2009 and grounding its flights.
ACCESSION #
45310034

 

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