Thursday 19 May 2016

Thomas Cook shares fall as terror fears take toll on key destinations

Holiday company says bookings for Spain and Canaries did not make up for slump in demand for Turkey, Tunisia and Egypt

Thomas Cook shares have tumbled more than 15% after the holiday company warned that bookings had fallen in the wake of terrorist attacks in Tunisia and Brussels.

Bookings for summer 2016 are 5% down on last year as demand for holidays to Turkey, Tunisia and Egypt fell sharply. Full-year earnings are now expected to come in at the bottom end of City expectations.

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