Troubles for holiday operator Thomas Cook seemed to have finally come to a halt after it got an offer from two industry veterans to pump in £400million. In return, former Airtours and Gold Medal Executive Terry Fisher and founder of Holiday Autos Clive Jacobs would become the joint bosses of the company.
The firm Thomas Cook has said that, its profits of this year would be at its lower rate of the market expectation because of the poor trading in its business in the UK. This shows that the travel market is struggling in UK as this report came just one day after the firm TUI reported weak trading.
Thomas Cook, the travel operator Group on Wednesday expressed that it shall commence the attempt to sell more up market holidays to nations like Turkey since it coupled with TUI Travel Group in caution that proceeds have been stroked by an inferior-than- anticipated slump in U. K. holiday bookings.
Together the companies had anticipated a complicated summer as the U. K. has only lately come out from recession.