The operator made a pre-tax loss of £64 million for the three months to the end of June, compared to a loss of £44 million in the same period in 2015, as revenue slipped from £1.95 billion to £1.85 billion year-on-year.
Overall booking levels for summer 2016 fell by 5% for the operator due to “weak demand” for Turkey, despite strong growth to Spain – particularly the Canaries and the Balearics which have seen rises in sales of 18% and 11% respectively.
Thomas Cook profits hit by ‘weak’ Turkey bookings
News
Rob Gill
28 July 2016
Thomas Cook has seen its revenue drop by 8% due to the impact of poor sales to Turkey and the aftermath of terrorist attacks.
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