THE crisis at struggling holiday operator MyTravel, the former Rochdale-based Airtours, deepened today after the group issued its second profits warning in just 18 days.

Investors were sent packing as the group warned of worse-than-expected trading and added that major revisions to accounting estimates were also likely. Some £20 million has now been wiped from internal profit forecasts while the accounting revisions could lead to an extra charge of between £15 million to £30 million.