Thomas Cook ‘in good stead’ for lates market
Thomas Cook has described trading for this summer as being strong across its main markets.
A statement to coincide with the group’s agm today said: “In the UK, capacity is currently 10% lower. We currently have 19% fewer holidays to sell than at this time last year, which should stand us in good stead in the lates market.
“We are particularly encouraged by our much lower level of stock left to sell in short haul and long haul. Average selling prices are currently 2% ahead.â€
For winter 2007-08, UK capacity is now 5% below last year and bookings are in line with capacity, down 5%. Average selling prices and margins continue to be ahead of the prior year, the company said.
Overall, as the group enters its close period, the board said it was confident that the business will meet its expectations for the current financial year.
Group chief executive Manny Fontenla-Novoa said: “We have successfully and swiftly integrated our predecessor businesses, reported increased profits for 2006/07, entered the FTSE 100 index and made a number of key strategic acquisitions.
“Over the past twelve months we have laid strong foundations for future growth. I am satisfied with our current trading and am confident in our strategy to grow the business.â€
by Phil Davies
Phil Davies
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airbnb eyes a loyalty program but details remain under wraps
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Major rail disruptions around and in Berlin until early 2026