Thomas Cook mulls sale of airline after reporting losses

For the first quarter of 2019, Thomas Cook has reported revenue up slightly, by 1%, to £1.656bn but the company reported a widening underlying operating loss that increased by £14 million to £60 million. The group airline delivered a seasonal underlying loss in line with a strong comparative period last year. The group airline carried over 20 million passengers and generated £3.5 billion in revenue, with underlying operating profits growing 37% year-on-year to £129 million. The company has confirmed that it has begun a strategic review of the group airline that would “increase financial flexibility and accelerate execution of our