Thomas Cook hit as Brits shun holidays

first_img whatsapp Thomas Cook hit as Brits shun holidays TOUR operator Thomas Cook yesterday warned full-year operating profit would be at the lower end of forecasts after a slowdown in bookings as Britain’s emergency Budget forced holidaymakers into ditching their plans to go abroad.Europe’s second-biggest tour operator also said the impact from disruption caused by a volcanic ash cloud closing airspace in April and May had been worse than expected while unfavourable currency movements hit profits.Thomas Cook added that good summer weather and the World Cup had contributed to holidaymakers opting to stay in Britain.Chief executive Manny Fontenla-Novoa said: “The fine summer weather enjoyed over much of the UK and the uncertain economic environment have meant that bookings have been softer, which has resulted in lower margins.”He said the company now expected to make full-year EBIT (earnings before interest and tax) of between £404m and £405m compared with a consensus forecast among analysts of £415m. The total cost of the volcanic ash disruption is now expected to be £82m compared with the company’s previous forecast of £60m to £80m, he added.The company said its strategy will include concentrating in more upmarket holiday destinations on countries including Turkey. Four or five-star hotels account for more than 40 per cent of its business. That proportion will rise to between 54 per cent and 57 per cent next year, Fontenla-Novoa said. Show Comments ▼ Wednesday 11 August 2010 8:27 pm Sharecenter_img More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPuffer fish snaps a selfie with lucky divernypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo KCS-content whatsapp Tags: NULLlast_img

Leave a Reply

Your email address will not be published. Required fields are marked *