Thomas Cook reports strong results

Eleanor Steed
By Eleanor Steed November 23, 2017 14:56

Thomas Cook reports strong results

Thomas Cook has reported an 8% increase in underlying earnings before interest and tax (EBIT) at £330 million. The travel company credited the turnaround of its German airline Condor and improved customer demand for the rise, highlighting a rise in forward bookings for Turkey and Egypt for summer 2018.

“The strong performance of our Group Airline in what has been a difficult year for European aviation is a particularly encouraging sign of our progress,” said chief executive Peter Fankhauser who praised the rise in Condor’s profits by £24 million, especially in the wake of bankruptcies from Air Berlin, Monarch and Alitalia.

Eleanor Steed
By Eleanor Steed November 23, 2017 14:56