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
Etihad Airway's Chief Executive Officer James Hogan will leave in the second half this year. Hogan has been with the Abu Dhabi based aviation group since 2006. Chief Financial Officer James Rigney also will depart from service. Seafood lovers must now be prepared to dole out more cash than before for salmon. The price of salmon has surged globally and is now at historic highs amid acute outbreaks of sea lice. According to data from the Nasdaq Salmon Index, the price of salmon has risen by more than 15 percent in the last three months. Health-food restaurant chain Freshii Inc. has increased the price range for its initial public offering in Canada. Freshii has raised the price range for its IPO to C$10 to C$11.50 per share from the prior range of C$8.50 to C$10.0 per share, BNN reported.
comments powered by Disqus
Follow RTT