28 Sep 2012 07:00
28 September 2012
Thomas Cook Group plc
FULL YEAR GUIDANCE MAINTAINED
Booking trends in the Summer 12 lates market have been good, with holidays to Turkey, Spain and Greece proving the most popular destinations for last minute bookings. The UK turnaround plan is delivering against its objectives and the Group's quarterly financial trend is showing signs of improvement. We continue to expect that the full year results will be in line with market expectations and the guidance given at the August IMS.
Harriet Green, Group Chief Executive Officer, said:
"I have spent my first two months reviewing the business, learning about our customers and meeting our people across the world. Working together with the management team, my priority has been to ensure a renewed focus on delivering to our plans for the current financial year, reviewing our approach for the forthcoming year and developing our objectives to grow and strengthen the business for the future."
Current trading
Summer 12
Our Summer programme is now almost complete, with cumulative bookings tracking ahead of planned capacity in most markets. Following strong demand in the lates market, price trends are ahead of those reported in August in most markets and our departed load factor remains high.
Year on year variation % | |||
Average selling price | Cumulative bookings | Planned capacity | |
UK - Total - Specialist & Independent - Mainstream |
+8 |
-1 +10 -9 |
-11 |
Central Europe | +2 | Flat | Flat |
West Europe | +4 | -9 | -11 |
Northern Europe | +8 | -3 | -3 |
Airlines Germany | +8 | +7 | +7 |
Note: Figures as at 22/23 September 2012. In Central Europe and West Europe, bookings represent all bookings including cars/overland, however capacity represents airline seat capacity only. Northern Europe summer season is April - September.
Enquiries
There will not be a conference call following today's announcement. The Group will report full year results on 28 November 2012.
For enquiries please contact:
Thomas Cook Group plc +44 (0) 20 7557 6414
Investor Relations
RLM Finsbury +44 (0) 20 7251 3801
Faeth Birch