Thomas Cook confident on turnaround plan

City A.M. Reporter
Thomas Cook said this morning that its turnaround plan is on track, and that its full year results would be in line with market expectations.

The company, which was thrown a lifeline by lenders in May, said it was seeing an improvement in its finances and added that demand for last-minute summer holidays had been strong.

The travel company will report its full-year results at the end of November. In May, it posted a first-half loss of £328.8m.

Harriet Green, group chief executive of Thomas Cook, said this morning: “My priority has been to ensure a renewed focus on delivering to our plans for the current financial year, reviewing our approach for the forthcoming year and developing our objectives to grow and strengthen the business for the future."