Thomas Cook Sticks With Growth Forecast

Thomas Cook maintained its guidance for growth this year and said late summer trading had seen strong demand for travel to Greece and Egypt.

Thomas Cook said in a trading update that bookings in its fourth quarter had been boosted by poor weather in Scandinavia, and it was encouraged by demand for winter bookings.

The company is forecasting growth on a constant currency basis for the 12-month period ending September 30, despite a previously announced GBP£25 million (USD$38 million) hit to operating profit from cancelled holidays to Tunisia in the aftermath of a beach massacre in June.