The travel giant has not reported a profit after tax since 2009, but analysts have predicted that it will move into the black with a modest profit when it posts its annual results on Wednesday, the Sunday Telegraph reported.

However the company’s underlying earnings before interests and taxes is forecast to slip from £323 million to £307 million in the 12 months to the end of September.

The terror attack in Tunisia and financial concerns over financial stability in Greece cost Cook around £25 million. And last month the company was forced to fly back its customers stranded in Sharm el Sheikh following the downing of the Russian Metrojet airliner over the Sinai peninsula on October 31.

Analysts have estimated that the British suspension of flights to and from the Res Sea resort as well as the company’s evacuation expenses will likely cost Cook between £5 - £10 million.