Thomas Cook numbers improve

Thomas Cook's results include its airline

Thomas Cook posted an improvement in its underlying operating results last week of GBP70m from GBP90m in 2012.

The travel company said its transformation programme was “firmly on track” with “robust” winter and summer bookings in line with its expectations.

Its net debt reduced by GBP86m year-on-year with its quarter one revenue at GBP1.7bn. Harriet Green, group chief executive at Thomas Cook said the UK market and the firm’s brand name had been key to its growth.

“As we continue to strengthen Thomas Cook and determine our profitable growth strategy for the future, the power of our brand remains key to the transformation,” she said.

“We have seen stronger operating performances in our major markets – the UK, Germany and the Nordics. I am particularly pleased with the improved performance in the UK as the benefits of the turnaround plan are reflected in its operating results,” Green added. 

By Amanda Greenwood, 10 February 2013, Sunday 5:46 PM