MyTravel back in the black

Troubled holiday group MyTravel today said an upturn in its business in Europe and North America had helped it move into the black.

MyTravel, which is taking legal action to get its controversial restructuring approved, said it made operating profits before one-off items and goodwill of £8.3m (€12m) in the year to October 31, against losses of £358.3m (€518.7m) previously.