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
Casino operator Wynn Resorts said its shareholders ousted Elaine Wynn from the board, reflecting fears that her presence may lead to disharmony with the management. To commemorate the launch of Hubble telescope twenty-five year ago, NASA unveiled celestial fireworks as official image, marked by brilliant tapestry of young stars flaring to life. Abercrombie & Fitch said it would stop hiring store employees based on their body type or physical attractiveness, and that its events, including store openings, will no longer have the presence of shirtless models.
comments powered by Disqus
Follow RTT