Thomas Cook revenues fall after terror attacks slow holiday demand
1 month ago The Investigators 0
Travel operator will miss profit target after sharp decline in bookings to Turkey, Egypt and Tunisia results in £25m quarterly loss
Travel company Thomas Cook has slumped to a quarterly loss and will miss annual profit targets after terror attacks in Turkey hit trade.
The group reported a £25m pretax loss on operations in the three months to 30 June, compared with a £3m profit in the same period a year before, after revenues slid 8% to £1.85bn.