Feb 9, 2017
Thomas Cook sees rising demand for holidays in Greece
Revenue grew 1% to £1.6bn in the three months to 31 December while operating losses narrowed by 2%. It said bookings for holidays in Greece were currently up by more than 40%, while Spain had also done well. The firm's pre-tax profits slipped last financial year following attacks in both Europe and Turkey. At one point in May 2016, its shares dived 19% after the travel company announced summer bookings were down 5% compared with the previous year. "Commenting on it latest results, chief executive Peter Fankhauser said:"In preparation for the summer season, we have expanded our holiday offering to Greece and a number of smaller destinations across Europe, and I'm pleased that this early action is paying off. "These positive trends are making up for continued weak demand for Turkey."
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