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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.
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.
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.
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.
FRANKFURT: Frankfurt-based airline Condor’s request for emergency financing was granted by the German government in a bid to get the tourist carrier through the winter after the demise of U.K. parent Thomas Cook Group Plc.
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.
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.