Thomas Cook Sees Profit Slump in UK Division
Photo Credit: Thomas Cook's Sentido Tucan Hotel in majorca, Spain. The company has seen profits in its UK division fall. Thomas Cook
Skift Take
Thomas Cook indicated that the problems in the UK were specific to this summer and that overall the business is in good shape. That might be the case but if the UK economy is hit by any Brexit-related issues in 2018 it could be a similar story – or worse – next year.
Thomas Cook’s UK business has reported a fall in profit of 40 percent after a mixture of hotel price increases and a weak pound took their toll.
An improved performance in other markets meant that overall the companies full-year pre-tax profit rose by 35 percent to $61 million (£46 million).
The company's share price fell by 8.4 percent in the aftermath of the announcement.
The pan-European tour operator said the problem in the UK was down to a number of issues. A more competit
