Medhotels will cease trading on December 31 and will continue to accept and honour bookings departing up to this date. The announcement follows agreements with Expedia and Webjet to take over contracting of Cook’s complementary hotels, reducing its reliance on Medhotels to supply the Group’s ac...
"Group Airline bookings are below last year, as we have selectively reduced capacity in short and medium-haul destinations by taking in less wet-lease capacity," he said. The capacity reduction, he said, would both mitigate risk in Thomas Cook's tour operator business while helping its airline...
She explained: “We believe that these, in addition to over £1.2 billion in targeted incremental new product revenue in 2017, will transform our profitability and generate superior returns for our shareholders.” During the half year the group’s online bookings increased almost 39 per cent wit...
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Peter Fankhauser, Chief Executive of Thomas Cook commented: “As expected, the knock-on effect from the prolonged summer heatwave and high prices in the Canaries have impacted customer demand for winter sun. Where Summer 2018 bookings started very strongly, bookings for Summer 2019 reflect some co...
has reported a 12.6 million pound loss of profit due to cancellations and loss of bookings to Mexico due to swine flu. Thomas Cook outlined the losses in group financial results for the nine m...
"Where Summer 2018 bookings started very strongly, bookings for Summer 2019 reflect some consumer uncertainty, particularly in the UK." Total revenues meanwhile edged one percent higher to £1.656 billion in the reporting period. "Thomas Cook Group has undergone significant transformation over the la...
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Thomas Cook in May revealed that first-half losses widened on a major write-down, caused in part by Brexit uncertainty that delayed summer holiday bookings. The group, which has around 600 stores across the UK, has also come under pressure from fierce online competition. ...
Thomas Cook signs new interline agreements Cook and Condor customers can now fly from Manchester, Gatwick or Frankfurt to five new Caribbean destinations via existing Thomas Cook Group Airline destinations Antigua, Barbados and Grenada. With LIAT, new destinations include Dominica, Guyana, St Kitts and...