Thomas Cook profits down in tough year


24th Nov, 2016 | Tourism Mail Crew


TURKEY: Thomas Cook's profits have fallen after a tough year for the tourism industry, with trading affected by terror attacks in Europe and political instability in Turkey.

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It said the fall in demand for holidays in Turkey had been offset by the rise in popularity of other destinations.

The company's underlying profits fell by £41m to £308m, but the board recommended a dividend payment, of 0.5p a share, for the first time in five years.

Its UK market continued to strengthen while it made record profits in northern Europe.

Thomas Cook said it was "a cautious approach to the year ahead".

It added that trading for the winter was in line with expectations, while bookings for next summer had made "an encouraging early start". Agency