Thomas Cook says Brexit hitting holiday plans

Travel firm Thomas Cook has warned of “further headwinds” for the relaxation of the yr after reporting a £1.5bn loss for the first 1/2 of the year.

It said there used to be “now little doubt” that Brexit had brought about clients to extend their summer time holiday plans.

Some £1.1bn of the loss was once brought on via the decision to write-down the fee of My Travel, the commercial enterprise it merged with in 2007.

The association additionally stated it had obtained “multiple” bids for its airline.

It has sought bidders for its fleet of 105 jets as it tries to elevate money for the business. Thomas Cook has issued a collection of income warnings that have sparked a plunge in its share charge from 140p a 12 months ago.

Leave a Reply

Your email address will not be published. Required fields are marked *