logo
Share SHARE
FONT-SIZE Plus   Neg

Thomas Cook Continues To Expect 2011/12 To Be A Challenging Year - Quick Facts

Thomas Cook Group Plc (TCG.L) issued pre-close trading update.

Sam Weihagen, Group chief executive officer, stated, "Trading across the Group has been stable since we last reported and in line with expectations. In the last few weeks we have seen an improvement in UK booking trends, helped by our recently launched advertising campaign and upgrades to our thomascook.com website."

The company stated that the winter season 11/12 overall remains subdued, but bookings have improved in recent weeks.

With regard to summer 12, bookings are tracking capacity in the UK and in Central Europe, despite the difficult market backdrop, but are slower than expected in Northern Europe and West & East Europe where the company retains the flexibility to reduce capacity should demand not pick up.

Looking forward, Thomas Cook stated that it continues to expect 2011/12 to be a challenging year given the economic backdrop and difficult trading environment, particularly for winter. The trends which it saw in the first quarter have continued through the second quarter, but summer trading is more encouraging, the company added.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Amazon.com Inc. intends to bring its free same-day delivery to the Bronx and Chicago's South Side areas. The online retailer's plans comes after severe criticism were raised that the company unfairly left out some predominantly black and Hispanic areas from its Prime service. An analysis done by... Sprint Corp., the third largest U.S. wireless carrier, on Tuesday reported a loss for the fourth quarter that widened from last year on one-time charges and lower revenues. The latest quarter's results include charges related to severance and lease exit costs, including the shutdown of legacy WiMAX service that will free up valuable spectrum and immediately lower network costs. Shares of Infineon Technologies AG were losing around 4 percent in German trading after the manufacturer of semiconductors and system solutions reduced its revenue growth forecast for fiscal 2016. This was despite a surge in second-quarter profit with strong revenues. For the third quarter, the company projects revenue growth sequentially.
comments powered by Disqus
Follow RTT