Sun starts to shine on tour operator Thomas Cook
- 10 years ago
The world’s oldest tour operator Thomas Cook has raised revenue after a three-year slump.
The British firm beat analysts’ forecasts with EBIT (earnings before interest and tax) for the first nine months of the year of £263 million (316 million euros).
Strong demand for fixed-price holidays was a key profit driver – particularly to Spain, the Canary Islands and Turkey.
Thomas Cook, which was hit hard by the eurozone debt crisis, has also been cutting jobs and closing shops to turn the company around.
The British firm beat analysts’ forecasts with EBIT (earnings before interest and tax) for the first nine months of the year of £263 million (316 million euros).
Strong demand for fixed-price holidays was a key profit driver – particularly to Spain, the Canary Islands and Turkey.
Thomas Cook, which was hit hard by the eurozone debt crisis, has also been cutting jobs and closing shops to turn the company around.