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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: 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.
LONDON: British tour operator Thomas Cook expects a surge in bookings to Greece if it leaves the eurozone as holidays to the Mediterranean nation would become better value for hard-pressed travellers.
HONG KONG: The collapse of Fosun Group’s flagship European investment, Thomas Cook, is proving to be a reality check for the Chinese conglomerate’s ambitions to create a global travel empire via flashy acquisitions.
LONDON: The world’s oldest travel firm Thomas Cook has collapsed, stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history
LONDON: Thomas Cook Group Plc’s collapse may prove lucrative for some.