Arab Today, arab today thomas cook slashes annual losses
Last Updated : GMT 12:15:14
Arab Today, arab today
Arab Today, arab today

Thomas Cook slashes annual losses

Arab Today, arab today

Arab Today, arab today Thomas Cook slashes annual losses

London - AFP

British travel firm Thomas Cook on Thursday announced a large reduction in annual losses as a result of deep cost-cutting. Losses after tax dropped to £199 million ($324 million, 239 million euros) in the year to the end of September from £585.7 million in 2011/12, Thomas Cook said in a results statement. "I am delighted to report that the first 365 days in the transformation of Thomas Cook have been a great success," said chief executive Harriet Green. "We've taken out more cost more quickly than originally planned," she added. The company has earlier this year announced plans to axe 2,500 jobs in Britain as part of its turnaround efforts after being plagued by the eurozone debt crisis, unrest in Egypt and high fuel costs. "Compared to last year, (current) winter bookings have been adversely impacted by social unrest in Egypt, which has resulted in significantly reduced demand to that destination," Thomas Cook said on Thursday. The company added that earnings before interest payments and tax (EBIT) came in at £13 million compared with a loss of £170 million one year earlier. It was the group's first operating profit since 2010. Annual group revenue meanwhile edged up 1.3 percent to £9.315 billion.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today thomas cook slashes annual losses Arab Today, arab today thomas cook slashes annual losses

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today thomas cook slashes annual losses Arab Today, arab today thomas cook slashes annual losses

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday