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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.

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 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.

Business 01 Jun 2012 | 12:00 AM

Thomas Cook sees Greek exit boosting travel industry

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.