Thomas Cook unveils favourable outlook, capital restructuring

Travel company Thomas Cook has unveiled a 2.6% drop in interim revenues, to 3.224bn pounds despite what management described as "encouraging current trading with strong bookings and gross margins," while at the same time managing to reduce costs ahead of schedule and providing a favourable outlook for prices and margins.

Travel company Thomas Cook has unveiled a 2.6% drop in interim revenues, to 3.224bn pounds despite what management described as "encouraging current trading with strong bookings and gross margins," while at the same time managing to reduce costs ahead of schedule and providing a favourable outlook for prices and margins.

As a result analysts at Credit Suisse have revised their fiscal year 2013 earnings per share estimates for the firm by 41%.

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