TCG is feeling the pain of the terrorist activity Thomas Cook last week reported its H1-16 results which were short of the the consensus and our expectations. The FY16 guidance has been revised down to the bottom end of expectations. As a result of the terrorist attacks in Turkey, Tunisia and Brussels, TCG warned that Summer 16 bookings (63% sold, -2% yoy) had fallen by 5% (up to 10% for Continental Europe, -6% in Germany). Demand for Turkey, Tunisia and Egypt has collapsed. Overall, the pric
27 May 2016
Weak bookings ahead of the key summer 16 season
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Weak bookings ahead of the key summer 16 season
Thomas Cook Group (TCG:LON) | 0 0 0.3% | Mkt Cap: 1,871m
- Published:
27 May 2016 -
Author:
Bérénice Lacroix -
Pages:
3
TCG is feeling the pain of the terrorist activity Thomas Cook last week reported its H1-16 results which were short of the the consensus and our expectations. The FY16 guidance has been revised down to the bottom end of expectations. As a result of the terrorist attacks in Turkey, Tunisia and Brussels, TCG warned that Summer 16 bookings (63% sold, -2% yoy) had fallen by 5% (up to 10% for Continental Europe, -6% in Germany). Demand for Turkey, Tunisia and Egypt has collapsed. Overall, the pric