Thomas Cook confirms 'multiple bids' for airlines
Thomas Cook has received "multiple bids" for its airlines since launching a strategic review of the business in February, it confirmed Thursday in disclosing half-year results. The travel group says the offers variously span the whole of the airlines business or just parts of it. The Group Airline unit's underlying operating profit worsened 20% in the 6-month period ended March 31, to GBP71m (US$91m), as revenue declined 8.1% to GBP1.02b. Capacity was boosted 9% in the winter season. Passenger numbers were up 8% "against a strong prior year comparator", says the group, while operational performance "substantially improved" and 19% fewer passengers were affected by 3h delays. The airline unit's seat sales in the short- and medium-haul sectors were up 12%, but yields were "slightly behind a strong prior year". <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-05-17/unaligned/thomas-cook-confirms-multiple-bids-for-airlines
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Thomas Cook confirms 'multiple bids' for airlines
Thomas Cook has received "multiple bids" for its airlines since launching a strategic review of the business in February, it confirmed Thursday in disclosing half-year results. The travel group says the offers variously span the whole of the airlines business or just parts of it. The Group Airline unit's underlying operating profit worsened 20% in the 6-month period ended March 31, to GBP71m (US$91m), as revenue declined 8.1% to GBP1.02b. Capacity was boosted 9% in the winter season. Passenger numbers were up 8% "against a strong prior year comparator", says the group, while operational performance "substantially improved" and 19% fewer passengers were affected by 3h delays. The airline unit's seat sales in the short- and medium-haul sectors were up 12%, but yields were "slightly behind a strong prior year". <br/>
