Thomas Cook reports big demand for Spanish holidays
'‹H'‹oliday firm'‹ Thomas Cook '‹has report'‹ed'‹ a narrower loss in its first quarter, as demand for holidays grew in'‹ what is typically'‹ the'‹ less busy winter period when fewer '‹people take holidays. '‹
Thomas Cook said its underlying operating loss improved by 11 per cent to £49m in the three months to December 31, after more customers opted to travel to Spain and long-haul destinations like the Caribbean, instead of North Africa.
Terror attacks in Egypt, Turkey, Tunisia and Paris over recent months have made tourists more wary of those previously popular destinations, and the Zika outbreak in the Americas is also dampening global travel sentiment.
But Thomas Cook said it is on track to meet guidance for the year to September 30, provided that a recovery in customer confidence continues.