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EU approves Thomas Cook acquisition

EU approves Thomas Cook acquisition

15 September 2010 Organisations & Operators

British tour operator Thomas Cook has gained European Union approval to acquire smaller rival Öger Tours. Thomas Cook unveiled the €30 million deal in July, forecasting annual synergies of more than €8 million on completion.

Thomas Cook issues profit warning

Thomas Cook issues profit warning

12 August 2010 Organisations & Operators

Thomas Cook slipped into the red during the third quarter of the financial year, prompting the travel agent to issue a profit warning ahead of its full year results. The operator lost £116 million over the period, as the ash cloud and FIFA World Cup hit bookings.

Thomas Cook wins Manchester United contract

Thomas Cook has become the official travel partner of Manchester United Football Club, replacing Co-operative Travel. The four-year deal will see Thomas Cook Sport provide worldwide travel for the first team and officials, while fans will be able to access cheap holiday ideas through the supporters club.

Thomas Cook to rent inflight PSPs

Thomas Cook to rent inflight PSPs

15 June 2010 Travel Technology News

Thomas Cook Airlines is to replace its free inflight entertainment systems with hand-held Playstation PSPs. The device will be rented for £7.50 per flight, in a move that echoes an industry-wide shift to generating ancillary revenue rather than raising headline fares.

Thomas Cook losses £70m due to ash crisis

Thomas Cook losses £70m due to ash crisis

Thomas Cook has issued an upbeat trading statement despite losing £70m to cover expenses and repatriation fees of passengers stranded by the ash cloud. Pretax losses in the six months to the end of March narrowed to £252m compared with £309m the year before.