Air Transport World

Thomas Cook AG. (Europe Report).(announces pre-tax losses for first half ending March 31)(Brief Article)(Statistical Data Included)

Thomas Cook AG, Europe's third-largest tourism group, revised its forecast for the current financial year downward as it revealed a doubling of its pre-tax loss in the first half ended March 31 to [euro]386.7 million from [euro]185.1 million. The group, jointly owned by Deutsche Lufthansa AG and retailer KarstadtQuelle AG, said that because of a continued bookings slump it no longer expects to match sales and profit figures of the previous FY, when it posted pre-tax earnings of [euro]91. …

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