Thomas Cook suffers lower UK demand
Travel operator Thomas Cook is cutting back its summer holiday programme from the UK amid a drop in demand as the economic uncertainty puts off holidaymakers.
The group has reduced its capacity for the summer season by 1 per cent, whereas it had planned a 3 per cent increase when it updated the market last month.
It also said its winter bookings from the UK were down by 5 per cent on last year after the crisis in Egypt and Tunisia caused bookings to be cancelled.
The group confirmed that recent uprisings in the region will wipe £20m from its profits in the first three months of 2011.