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Britain's Thomas Cook sticks to annual guidance

Tue, 27th Sep 2016 06:14

LONDON, Sept 27 (Reuters) - British travel company ThomasCook stuck to its annual profit guidance on Tuesday,after strong demand for summer holidays to destinations otherthan Turkey helped offset pressure on the group.

Thomas Cook was forced to lower its guidance in July afterthe failed coup in Turkey, formerly the company's fourth mostimportant market, prompted holidaymakers to change their plans.

For the twelve months ended Sept. 30, Thomas Cook isexpecting to post operating profit of 300 million pounds ($389.4 million), an outlook it reconfirmed on Tuesday, withbookings excluding Turkey up 8 percent this summer.

Including Turkey, overall bookings were down 4 percent, thegroup added. ($1 = 0.7704 pounds) (Reporting by Sarah Young; editing by Kate Holton)

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