Thomas Cook foots swine flu bill
Thomas Cook has seen a rise revenues in the nine months to June 30 despite the impact of swine flu.Revenues were up 10.7% to £5,854m whilst the loss from operations before exceptional items and swine flu reduced by 43.4% to £49.5m.
The group estimates that the impact of swine flu in the period ended 30 June, caused by the global governmental advice not to travel to Mexico was £12.6 million, of which the majority occurred in the UK and Airlines Germany.
Manny Fontenla-Novoa, Group CEO, said: 'Our strong performance in the year to date builds on our interim results and underpins our confidence that we can achieve our expectations for the full year.
'Trading for the Summer 09 season continues to be robust. In all major markets prices are flat or ahead of last year and cumulative bookings have continued to build towards our planned capacity levels. In addition, departed load factors have remained in line with last year's at 96%, and percentage-sold positions are approaching last year's levels. This has been achieved despite the later booking trends and the impact of swine flu, which has been more significant than we anticipated.
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