Jul 31, 2018

Thomas Cook bookings hit by heatwave

This summer's heatwave has hit profits at tour operator Thomas Cook, with more people staying at home rather than booking last-minute holidays. While the company has reported an 11% rise in summer bookings, these have slowed down in recent weeks to leave its figures in line with last year's. Thomas Cook usually makes all of its annual profits during the summer. Chief executive Peter Fankhauser said that the overall rise in booked summer holidays had helped to offset the slowdown. Thomas Cook's share price rose by more than 3% on Tuesday morning.

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