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The hot weather in Europe troubles the
Profit Prospects of Tour Operator Thomas Cook
"Given the extraordinarily high temperatures in ours
Most source markets, many people have their decision on
postponed their vacation, "said Peter Fankhauser, CEO of Thomas Cook.
Tuesday in London. Many customers wanted the current ones
To enjoy record temperatures at home. This puts pressure on the company
with last minute bookings.
Fankhauser therefore considers that the adjusted operating profit of the
Group in the current fiscal year until the end of September only
reached the bottom of badysts' expectations. Of the
The Bloomberg news agency interviewed industry experts
from a result of between 323 and 356 million pounds.
The share of Thomas Cook nonetheless responded positively to the news.
At the London Stock Exchange in the morning, she sometimes won more than five
Percent in value and was again recently with 3.56 percent in the most
100.30 pence. However, newspapers exist since the beginning of the year
one fifth of the lost value.
In the third fiscal quarter until the end of June, Thomas Cook rose
his sales from ten percent to just under 2.5 billion british
Pound (2.8 billion euros), driven by stronger demand
Travel to Turkey and North Africa. Operating profit has increased
8 percent to 14 million pounds.
"Bookings for the summer are up 11 percent
"said Fankhauser, but that's not because of the
Packages, but with the expansion of the flight offer in
Germany. Condor had after the bankruptcy of Air Berlin the
Capacities have increased considerably.
Package holidays have recently sold less well – according to Thomas Cook
because of the record temperatures in Central Europe where most of the customers
come from the group. Most recent were package tour bookings
for the summer at Thomas Cook at the level of a year ago.
Clients gave an average of four percent more money per trip
From a sale of the group's own airline with Thomas Cook
The airlines and Condor Fankhauser do not want to know anything at the moment. "We
have always said that we are ready for a possible
Consolidation in Europe, if it makes sense for us. "
However, there are currently no plans to sell our airlines.
A few days ago, the "Sunday Times" reported, the group
play a possible partial sale of its airlines
by./stw/nas/fba
ISIN GB00B1VYCH82
AXC0117 2018-07-31 / 10: 08
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