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Women for Women Success Story : Thomas Cook profit rises 49%

The weather may have turned in the last couple of weeks but things are looking a lot better at Thomas Cook. The world’s oldest travel group has announced a 49% rise in underlying operating profits to mark chief executive Harriet Green’s first full year in charge since being drafted in during mid-2012.

Ms Green says “this is just the start” but that”the first 365 days in the transformation of Thomas Cook have been a great success”. Thomas Cook has continued to make a statutory loss due to finance charges as it recovers from 2011’s near-collapse, but says underlying operating profits are up to £263m, while revenues are up 1.3% to £9.32bn. Ms Green has also announced an extra £40m of cost savings, raising the total target for the end of the 2015 financial year to £440m.

 

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