Peterborough-based Thomas Cook reveals £1.4 billion loss
17 Mai, 2019, 17:04 | Auteur: Auguste Feret
Travel firm Thomas Cook has warned of "further headwinds" for the rest of the year after reporting a £1.5bn loss for the first half of the year.
Thomas Cook's figures for the six months to March 31, show sales fell to £3,019 million compared with 3,227 million for the same period previous year.
Shareholders reacted to the latest torrent of bad news with another sell-off as shares in the business slumped almost 15% to 19.6p. For summer 2019, tour operator bookings are down 12 percent but pricing is up 2 percent. It has slashed the number of holidays it offers in response to weaker demand, and is offering big discounts to entice United Kingdom customers.
CEO Peter Fankhauser says "there is now little doubt that the Brexit process has led many United Kingdom customers to delay their holiday plans for this summer".
"With a lot of holidays left to sell across the market, there are high levels of discounting at this early stage of the season".
The Association of British Travel Agents (Abta) said trading had been tough for the entire travel sector in the last few months, as customers wait to see what happens with Brexit before making a travel booking.
Boss Peter Fankhauser said there was "now little doubt" that Brexit had caused United Kingdom holidaymakers to postpone their summer travel planning, with no pick-up since the European Union withdrawal deadline was put back by six months.
"The continued competitive pressure resulting from consumer uncertainty is putting further pressure on margins", Fankhauser said.
Thomas Cook, which has puts its airline up for sale, said it was also encountering higher fuel and hotel costs, and warned underlying profits in the second half of 2019 would be behind the same period past year.
"Merkel et Macron assument leurs " confrontations
Et d'évoquer le discours sur la Sorbonne prononcé par Emmanuel Macron en septembre 2017, en faveur d'une relance de l'Europe. Angela Merkel souligne aussi que les "cultures politiques" de la France et de l'Allemagne diffèrent.
"Gilets jaunes" : Eric Ciotti pris à partie à Nice
Mais elle risque sans doute de vite déchanter, l'Alliance Jaune ne recueillant que 2,5 % des intentions de vote pour le moment. Mère de deux enfants qui "ne roule pas sur l'or", elle se dit "très concernée " par les revendications des gilets jaunes .
Fankhauser said the company was assessing bids for its airline unit.
Lufthansa has said it put in an offer for Thomas Cook's German airline Condor while Virgin Atlantic is reportedly interested in the long-haul business.
To date, Thomas Cook has closed 21 branches across the United Kingdom and slashed its available holiday packages due to weakening sales.
The debt-laden company has struggled recently, as a fall in demand for package holidays and intense online competition resulted in a string of profit warnings.
Thomas Cook said more of its 566 stores could close as leases end, and that 150 roles would be cut from its Peterborough head office.
Mark Benbow, a fund manager at Kames Capital, said: "Thomas Cook is by no means alone in facing uncertainty. Tui is the next weakest in the market in terms of its debt". The company carried out a rights issue in 2013 to shore up its balance sheet.
Russ Mould, AJ Bell investment director, said Thomas Cook's mounting woes raise the prospect of a possible bid for the firm. Thomas Cook opened 12 more hotels in the first half, taking the total to 200 hotels, including franchised outlets, and is aiming for 250 by 2021.
"We normally have a holiday in France every year". There has been a boom in short city breaks to San Francisco and Las Vegas.
Saturday's UFC 237 card in Rio de Janeiro did not go well for the country of Brazil - until the championship main event. Namajunas walked back to the fighter hotel and has since stated the matter caused her mental pain.
Earlier this year, Williams filed for divorce from Hunter following 21 years of marriage after his mistress allegedly gave birth . Williams who reiterated that she is still single made this known during her "Hot Topics' segment on Tuesday's show".
It has not been publicly exhibited since 1988, two years after it was first shown at New York's Ileana Sonnabend's gallery. A playful rabbit sculpture by Jeff Koons has become the most expensive work by a living artist ever to sell at auction.
That amount of love that I felt from my friends, my family, and the people in the community was absolutely overwhelming. Speaking with Deadline , Gunn went over how his firing by Disney impacted his life and how he viewed himself.
They will play Windies in their first game in the World Cup at Trent Bridge on May 31, a day after the tournament kicks off. James Vince could replace Bairstow in the 4th ODI. "I feel in good rhythm", he said.
He also had a touchdown in the Seahawks Super Bowl XLVII win over the Denver Broncos . "College will be harder", Baldwin tweeted. Baldwin, who entered the league as an undrafted free agent, spoke about his college career at Stanford ending "uneventfully".
Gaël Monfils a été éliminé d'entrée au Masters 1000 de Rome par l'Espagnol Ramos-Vinolas (6-3, 6-1) en seulement 1h00 de jeu. Il faut le provoquer et c'est ce que je vais essayer de faire", a-t-il déclaré. "Ca a été compliqué".
Un an après s'être retiré de la compétition en 2012, Schumacher a été victime d'un accident de ski à Méribel, en France. Pour l'heure, " Schumacher ", tourné en allemand, est programmé en Allemagne et en Suisse.
They were formally incorporated into the Iraqi security forces previous year , but continue to operate semi-independently. Britain, historically the United States' closest ally, is openly balking at the prospect of a war with Iran .
Trump to launch new immigration overhaul push
The new plan would focus on reducing family-based immigration to the U.S.in favor of employment-skill-based immigration. Yamiche Alcindor talks to Amna Nawaz about the plan's details and its likely reception by Congress.
"C'est que du bonheur mais c'est hyper hyper dur" — Nabilla
Nabilla relativise quand même très rapidement: "Je pense qu'on réagit toutes différemment mais moi ça me loupe vraiment pas". En 2016, Nabilla avait en effet été condamnée à 24 mois de prison, dont 6 mois ferme , pour avoir poignardé son compagnon.
Northwestern falls in patient safety, Rush keeps its B
Using this online database, you can look up a specific hospital or search by community to see the spring 2019 grades. Forty-two IL hospitals got the highest grade for patient safety; 30 earned a B; 33 got a C; and five got a D.
Walmart next-day delivery will be free, taking aim at Amazon
The vast majority of the order volume for such a service comes from the "first couple of hundred thousand" products, he said. The free NextDay delivery offers 220,000 frequently-purchased items like diapers, laundry detergent, electronics and toys.
Sharapova out of French Open, citing shoulder
The 32-year-old announced on Instagram she would not be participating in this year's tournament, which begins on May 26. The former world number one had missed out on a place in the Australian Open quarter-finals in January.
49ers sign former Stanford tight end from the Detroit Lions
It's clear the 49ers' head coach found ways to utilize Toilolo in an offense in more ways than other offensive play callers have. His primary understudy, Garrett Celek , turns 31 later this month and is entering the final year of his contract.
Tesla's trumpeted solar shingles are a flop
It was not immediately clear whether those jobs are included in the count toward meeting the state targets. Tesla planned to use them in its Solar Roof, a system meant to look like normal roof tiles.