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Thomas Cook reduces UK summer capacity
Holiday operator Thomas Cook has blamed "fragile consumer sentiment" for its decision to reduce capacity by 1 per cent for the coming summer.
Cumulative bookings from UK holidaymakers planning an overseas trip have increased by 1 per cent on last year, with the reduced programme now 55 per cent booked. Elsewhere, Thomas Cook posted strong growth in its German tour operator and airline arm, while summer holiday bookings were ahead of last year "across most segments".
Thomas Cook group chief executive officer Manny Fontenla-Novoa said: "Overall, the business is performing well, given the disruption caused by the unrest in Egypt and Tunisia. "It is a weaker picture in the UK where recent trading has also been affected by fragile consumer sentiment. In response, we have taken a more prudent approach to capacity."
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