Thomas Cook €886 million six-month loss

Operator suffers from poor trading in France and North America

Thomas Cook posted a further loss before tax of £713 million (€886 million) for the six months ending March 31. That compares with a £269 million loss for the same period the previous year. Adding to the loss from operations was its purchases of additional businesses in the UK and in Russia.
However, the tour operator blamed the “difficult trading environment”, especially the impact of the Arab spring on France, where the group saw an increased loss of €21 million. Thomas Cook also suffered poor trading in North America, which was €31 million worse than the previous year.
The group also admitted that “as a result of the adverse publicity” it has received, “we suffered a weakening in brand sentiment”.
TTG Digital
[pictured: Hotel Maritim Varadero Beach Resort, Spain]

x

Check Also

Standby Nordic, TTG Nordic, website, travel, news, trade, industry, sector, Nordic, Scandinavia, Baltic

Farewell to TTG Nordic, hello to Standby Nordic

Scandinavia’s leading English-language travel industry news site gets a rebrand.

YouTube, Elle Darby, social media, Instagram, bloggers, hotel, stay, free, Dublin, White Moose Cafe, Ireland

Luxury hotel bans social media ‘stars’

A hotel in Dublin has banned bloggers and social media influencers for their “sense of entitlement”.

ATR, 600, lease, Silver Airlines, Florida, USA, first, turboprop, Nordic Aviation Capital, deal, agreement

Nordic lessor eases ATR “comeback”

Nordic Aviation Capital and ATR sign a deal for 15 ATR 600s to be operated by a Florida-based carrier.

Swedish Exhibition & Congress Centre, Gothia Towers, Gothenburg, Mice, hotel, luxury, events, centenary

Swedish expo giant celebrates 100 years

Centenary events are planned this year at the Swedish Exhibition & Congress Centre and Gothia Towers.

Visit, Denmark, tourism, Billund, Legoland, lighthouse, castle, dune, tourism, art, advanture park, national park

Denmark beyond the capital: events in 2018

A lighthouse’s last stand, a new national park, an adventure park, art and jewellery, and a rollercoaster.

Jamaica, crime, shootings, gun, tourism, resorts, hotels, warning, advice

Tourists in Jamaica warned about shootings

A state of emergency is declared as tourists are advised to stay in their hotels and resorts.