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Thomas Cook 'to hit profit target' Thomas Cook 'to hit profit target'
(about 1 hour later)
Thomas Cook has trimmed its losses and expects to hit its profit target for 2015.Thomas Cook has trimmed its losses and expects to hit its profit target for 2015.
The travel operator has received criticism after a court found that it "breached its duty of care" when two children died from carbon monoxide poisoning in Corfu.The travel operator has received criticism after a court found that it "breached its duty of care" when two children died from carbon monoxide poisoning in Corfu.
Some customers have threatened to boycott Thomas Cook over the incident.Some customers have threatened to boycott Thomas Cook over the incident.
Thomas Cook has posted a pre-tax loss of £303m in the six months to the end of March, from a £366m loss in 2014.Thomas Cook has posted a pre-tax loss of £303m in the six months to the end of March, from a £366m loss in 2014.
"We expect that these continuing improvements will lead to further growth in [2015], consistent with our expectations at the full year results last November," said chief executive Peter Fankhauser."We expect that these continuing improvements will lead to further growth in [2015], consistent with our expectations at the full year results last November," said chief executive Peter Fankhauser.
It may resume paying dividends in 2016, said the company. Thomas Cook said that its UK business had performed well, while its German tour operating business "continues to experience tough trading conditions".
"Our summer 2015 holiday bookings across the group are encouraging, especially for our important fourth quarter, which is offsetting some weakness in the third quarter," said the company.
The company may resume paying dividends in 2016, it said.