Kuoni shows net loss for 2005

Swiss travel operator Kuoni has reported a net loss for 2005. This has been due to charges related to a specific sector sale and a resort in Spain.The tour operator has told reporters that bookings have showed a positive trend so far this year.

Kouni showed a net loss came in at CHF42.0 million compared with a net profit of CHF74.1 million for 2004.

The tour operator has said sales rose 3 percent to CHF3.69 billion..

Bookings in March were 11 percent higher than in the year-ago period, highlighting the current upbeat trend in the tourism industry, Kuoni said.