Shares in Thomas Cook were up a modest two per cent this morning after the struggling travel giant confirmed it had received a “highly preliminary and unsolicited indicative offer” from Triton Partners for its northern Europe business.
On sale from today on Thomas Cook Airlines’ long-haul routes such as New York and San Francisco, the option transforms a row of three seats into a bed in the sky so that guests can arrive on holiday feeling refreshed.
Will Waggott brings more than 20 years of experience in the global travel industry most recently as chief executive of Travelopia, a leading specialist travel group spun out of TUI in February 2017.
Thomas Cook Airlines has appointed Matthew Dakin as business development manager for Thomas Cook Airlines UK and Condor in its trade sales team.
Thomas Cook has announced a strategic review of its airline group after reporting a sharp rise in financial losses. Although the company remains at an earlier stage in the review process, the travel agent said it would “consider all options to enhance value to shareholders” as it sought a solution to losses.
With its fleet of 101 aircraft, Europe’s eleventh-largest airline group is flying to almost 70 destinations this winter season and through cooperation with a total of 52 partner airlines, the number rises to over 250 destinations in Europe, America, Africa, Asia and Australia.
Thomas Cook has announced that Chris Mottershead will take back the leadership of the business in the United Kingdom “for the time being”. Mottershead brings detailed, experienced knowledge of the UK tour operator and is well placed to execute Thomas Cook’s strategy.
Andy Stephens, head of crew planning for Thomas Cook Airlines, talks to Breaking Travel News as the carrier is recognised as the World’s Leading Charter Airline by voters at the World Travel Awards.
Thomas Cook Group has reported net, pre-tax losses of £53 million for the financial year to September 30th. The figure is a sharp turnaround from profits of £43 million last year, driven largely by a summer heatwave in the UK.