Thomas Cook hit as Brits shun holidays

first_img whatsapp Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoHero WarsBig Boss of internet games!Hero WarsUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoinvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld LifestyleUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndo KCS-content TOUR operator Thomas Cook yesterday warned full-year operating profit would be at the lower end of forecasts after a slowdown in bookings as Britain’s emergency Budget forced holidaymakers into ditching their plans to go abroad.Europe’s second-biggest tour operator also said the impact from disruption caused by a volcanic ash cloud closing airspace in April and May had been worse than expected while unfavourable currency movements hit profits.Thomas Cook added that good summer weather and the World Cup had contributed to holidaymakers opting to stay in Britain.Chief executive Manny Fontenla-Novoa said: “The fine summer weather enjoyed over much of the UK and the uncertain economic environment have meant that bookings have been softer, which has resulted in lower margins.”He said the company now expected to make full-year EBIT (earnings before interest and tax) of between £404m and £405m compared with a consensus forecast among analysts of £415m. The total cost of the volcanic ash disruption is now expected to be £82m compared with the company’s previous forecast of £60m to £80m, he added.The company said its strategy will include concentrating in more upmarket holiday destinations on countries including Turkey. Four or five-star hotels account for more than 40 per cent of its business. That proportion will rise to between 54 per cent and 57 per cent next year, Fontenla-Novoa said. Tags: NULL More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comcenter_img Wednesday 11 August 2010 8:27 pm Thomas Cook hit as Brits shun holidays whatsapp Show Comments ▼last_img

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