Thomas Cook to Meet its Business Expectations

The Thomas Cook Group Board is confident that the business will meet its expectations for the current financial year as the Group enters its close period, the tour operator announced during its Annual General Meeting last week.

Winter performance has been in line with our expectations and summer trading continues to go well.

As planned, UK capacity is now 5 percent below last year and bookings are in line with capacity, down 5 percent. Average selling prices and margins continue to be ahead of the prior year.

Northern Europe has enjoyed a very good winter season, with bookings up 7 percent on 7 percent more capacity and 8 percent higher average selling prices.

In Continental Europe, the winter season has been satisfactory with bookings down 3 percent but average selling prices up 4 percent.

North America winter trading is broadly in line with the position described on 30 January. The booked seat load factor in Airlines Germany for winter is 3 percent ahead of the prior year.