Thomas Cook is exploring options to potentially sell its airline business amid concerns over the company’s future. Thomas Cook is exploring options to potentially sell its airline business amid concerns over the company’s future. Thomas Cook looks at options for airline as losses growThe travel giant said on Thursday that it will conduct a strategic review of the airline arm, which will look at “all options to enhance value to shareholders”. Thomas Cook has been stung by charges related to flight disruptions, writedowns on money owed by hotels and transformation costs. The announcement came as Thomas Cook reported a 1% rise in first-quarter revenue to £1.65 billion, led by strong demand for Turkish and North African destinations, offsetting weaker demand for Spain.

Source: Irish Independent February 07, 2019 07:41 UTC