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Bookings up 6% for Thomas Cook in UK as Turkey continues to 'recover well'

Operators
Jennifer Morris
27 July 2017

Thomas Cook has reported a 6% increase in bookings from the UK market for the three months to June 30, with Ebit (earnings before interest and taxes) of £36 million – compared with £37 million for the same period last year.

Margins 'weak' due to heavy discounting

Cook said that for the UK business average selling prices were also in-line with last year.

“We continue to manage through a more competitive market to Spain, as a result of higher hotel price inflation and increased air capacity to the region,” the operator said in a statement.

“Our focus, therefore, has been on selling higher margin, quality holidays rather than pursuing volume growth, and as a result, charter risk package pricing is up by 7% while bookings are up by 1%.”

Cook added that the underlying Ebit result of £36 million saw a stronger performance to Greece offset by greater competition to Spain.