Breaking Travel News

Kuoni News

Cost-cutting helps Kuoni narrow losses

Cost-cutting helps Kuoni narrow losses

19 August 2010 Organisations & Operators

A programme of cost cutting has helped luxury tour operator Kuoni reduce first-half losses to £23 million from £30 million in 2009 despite sales remaining “muted” due to the European debt crisis, the volcanic ash cloud and political voilence in Thailand.

Kuoni feels the pinch

Kuoni feels the pinch

16 January 2010 Organisations & Operators

The financial crisis, currency upheavals and swine flu have taken their toll on upmarket operator Kuoni. Sales in the first nine months of its financial year fell by more than 21 per cent to SFr2.98bn ($2.91bn), prompting a SFr5.7m loss, compared with a SFr126m profit last time.