Thomas Cook battling back toward black

28th Sep 2012
Thomas Cook battling back toward black

Thomas Cook turnaround plans are “delivering against expectations” according to a trading update from the British tour operator.

Late bookings on holidays to Turkey, Spain and Greece have been strong, with the brand expecting full year results will be in line with market expectations and the guidance given at the August.

Harriet Green, group chief executive, said: “I have spent my first two months reviewing the business, learning about our customers and meeting our people across the world.

“Working together with the management team, my priority has been to ensure a renewed focus on delivering to our plans for the current financial year, reviewing our approach for the forthcoming year and developing our objectives to grow and strengthen the business for the future.”

Thomas Cook’s summer programme is now almost complete, with cumulative bookings tracking ahead of planned capacity in most markets.

Following strong demand in the lates market, price trends are ahead of those reported in August in most markets and our departed load factor remains high, the statement added.


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