Thomas Cook revenues fall after terror attacks slow holiday demand

5 months ago NEWS CONTRIBUTORS 0

Travel operator will miss profit target after sharp decline in bookings to Turkey, Egypt and Tunisia results in £25m quarterly loss

Travel company Thomas Cook has slumped to a quarterly loss and will miss annual profit targets after terror attacks in Turkey hit trade.

The group reported a £25m pretax loss on operations in the three months to 30 June, compared with a £3m profit in the same period a year before, after revenues slid 8% to £1.85bn.

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