Thomas Cook to release results three weeks late
Thomas Cook has confirmed that it will release its delayed financial results on December 14, almost three weeks late.
The operator was due to deliver its end of year report on November 24, but postponed the announcement when it discovered it needed a further £100m loan to see it through the winter. The loan was secured on November 25.
A spokesperson confirmed the results would be announced next Wednesday morning, when the operator is also expected to reveal details of its planned restructure. This is expected to include the closure of 200 shops and up to 1,000 redundancies.
Thomas Cook is expected to announce an underlying profit of £320m for the year ended September 30, down from £360m a year ago. Rival TUI Travel this week announced an 18% rise in operating profit to £471m.
By Linsey McNeill
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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