Thomas Cook, the struggling tour operator, posted a £713 million (€888 million) first-half loss before tax yesterday, while its attempt to strike an upbeat note on the euro zone crisis and recent UK booking trends was undermined by another big drop in its share price.
Sam Weihagen, the group’s interim chief executive, said UK bookings had picked up in the past month or so. Greece and Spanish island destinations remained popular with UK holidaymakers in spite of the uncertainty caused by the euro zone crisis. He played down the likely impact of any Greek exit from the euro.
He suggested it would probably be “business as usual” in the short term if Greece reverted to a national currency. – (Copyright The Financial Times Limited 2012)