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Business 25 Sep 2018 | 12:00 AM

Thomas Cook warns on profit as hot summer hits demand

LONDON: British holiday company Thomas Cook cut its 2018 profit forecast, blaming a heatwave in northern Europe for more discounting and tougher competition in the most profitable later part of the summer season, sending its shares plunging.

Business 28 Sep 2016 | 12:00 AM

Britain's Thomas Cook sticks to outlook despite Turkey disruption

LONDON: British travel company Thomas Cook stuck to its annual profit guidance on Tuesday, after strong demand for summer holidays to destinations other than Turkey helped offset pressure on the group.

World 06 Mar 2013 | 12:00 AM

Thomas Cook axes 2,500 jobs in Britain

LONDON: Travel firm Thomas Cook said Wednesday that it will axe 2,500 jobs in Britain, mostly in administration functions and its retail network, as part of a major restructuring.

Business 27 Nov 2014 | 6:56 AM

Thomas Cook hit by shock CEO departure, slowing growth

LONDON: British holiday company Thomas Cook defended its decision to replace Chief Executive Harriet Green on Wednesday after the abrupt departure of the woman credited with reviving the business hammered its shares.

Corporate News 21 Jan 2019 | 12:00 AM

Thomas Cook JV to open two more hotels in China

SHANGHAI: Thomas Cook Group Plc will build two new hotels in China with its joint venture partner Fosun International Ltd, including the first Asian branch of its own Casa Cook brand.

Business 29 May 2013 | 4:08 PM

Thomas Cook agrees aircraft leasing deal with GECAS

LONDON: Thomas Cook has agreed to lease nine Airbus jets from General Electric's aircraft leasing unit as part of its fleet renewal programme, it said on Wednesday.

Business 29 Jul 2016 | 12:00 AM

Thomas Cook cuts profit forecast

FRANKFURT: Thomas Cook Group Plc cut its earnings forecast for fiscal 2016 after a string of terror attacks from Turkey to the French Riviera depressed demand from summer vacationers.

Business 12 Jul 2019 | 7:41 AM

Fosun Group mulls US$940m rescue of debt-strapped Thomas Cook

HONG KONG: China’s Fosun Group is considering a 750 million-pound ($940 million) rescue of Thomas Cook Group Plc, the world’s oldest travel agency, which has been struggling to pay debts amid a slowdown.

TECH 05 Dec 2017 | 9:22 AM

Thomas Cook to close 50 UK stores as sales move online

Travel firm Thomas Cook said it would close 50 stores in Britain as part of an ongoing review into its shop network, as more and more sales move online.