Big two prepare to reveal summer trading figures

Big two prepare to reveal summer trading figures

Trading updates from Tui Travel and Thomas Cook this week will give an indication of both companies’ performance over the key peak summer months.

They will reveal if the boost seen from the miserable early summer weather continued when the rain finally eased off and as Britain celebrated the Olympics.

Both groups said they had benefited from the record wet weather between April and July as holidaymakers escaped to European destinations such as Spain.

Tui Travel, which updates the market on Thursday, remarked on a “strong improvement” in overall summer bookings from the UK as of July 29, down 5% against the 6% decline reported in April.

Tui posted a 16% fall in underlying profits to £74 million in the three months to June 30, as sales fell 2% to £3.7 billion, with figures also impacted by the timing of Easter.

Cook, which updates on Friday, said in August that its summer programme was 88% sold after a buoyant July for bookings, although cumulative bookings in the UK were still down 1% on last year as at July 29.


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