Thomas Cook News

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.

Thomas Cook continues fight back with further debt reduction
Thomas Cook has continued its fight back to toward profitability with a further reduction in its debt following the sale of its Belgium offices for €14.3 million. The Group will lease back the premises in Gent from new owner Koramic Real Estate.

Thomas Cook appoints new marketing director
Thomas Cook UK & Ireland has appointed Mike Hoban to the new role of director of marketing, brand and customer insight. Hoban will join Thomas Cook on October 1st and will be based at its head office in Peterborough.

Thomas Cook vows to help holidaymakers with government tax hike
Thomas Cook has launched a special three-week promotion to ensure holidaymakers can still travel to far-flung destinations and not bear the burden of a Government increase in Departure Tax (APD).

Thomas Cook unveils brochure innovation
Thomas Cook has unveiled its new summer 2013 brochure, which is packed with technical innovations and competitive deals. Each brochure comes with a holiday guide DVD to bring the holidays and hotels to life with additional information on all the latest initiatives.

Thomas Cook to cover Air Passenger Duty for long-haul customers
Thomas Cook has confirmed it will pay Air Passenger Duty for customers on long-haul holidays in an attempt to kick-start winter sales. As it struggles to rebalance financially, Thomas Cook will pay up to £83 per passenger to cover departure taxes from UK airports between November this year and October 2013.

New team in place to salvage Thomas Cook
Straight into the action, new chief executive Harriet Green has presented her first set of financial results at Thomas Cook following her appointment on July 30th. Green said, while the turnaround of the UK business was on track, it would take until at least next spring to reinvigorate the company.

Thomas Cook raises funds through aircraft leaseback deal
Thomas Cook Group has completed the sale and leaseback of 11 Boeing 757 aircraft and eight Boeing 767s. The deal was completed earlier following delivery of the final group of aircraft.

Thomas Cook has completed the sale of HCV
Thomas Cook Group has announced the completion of its interest in Hoteles Y Clubs De Vacaciones. The struggling tour operator sold the Spanish hotel asset to a consortium led by Iberostar Hoteles y Apartamentos.

Thomas Cook India expands currency offering
Thomas Cook India, the largest integrated travel financial services company in the country, has launched two dedicated Foreign Exchange branches in Bhavnagar and Porbandar, Gujarat. With the opening of its new offices, Thomas Cook India now offers its customers access to 14 dedicated Foreign Exchange branches in Gujarat.

Thomas Cook apologises to customers forced to collect Olympic tickets
Thomas Cook has apologised to hundreds of sports fans who will be forced to collect tickets for the 2012 Olympic Games in London. Fans expecting tickets through the post have been left empty handed as the tour operator struggled to dispatch deliveries in time.

Thomas Cook to sell White Horse Insurance
Struggling tour operator Thomas Cook has put its White Horse Insurance unit up for sale. UK-based Thomas Cook is looking for up to £100 million for the organisation, according to reports in the Sunday Times.