Thomas Cook makes solid start to FY 2017

Thomas Cook says it has made a solid start to FY 2017 with Q1 revenue rising to £1.62bn, from £1.41bn. Its loss from operations for the three-month period was £67m, from £78m.

“We have delivered a solid performance for the first three months in line with our expectations, against a backdrop of continued uncertainty,” said CEO Peter Fankhauser in a statement.

“We remain cautious about the rest of the year, given the uncertain political and economic outlook,” he added.

“It’s still relatively early in the selling cycle for summer holidays, but based on current trading, and supported by further financial benefits from implementing our strategy, we expect our full year operating results to be in line with current market expectations.”

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