Thomas Cook expected to announce post-tax profit

Thomas Cook expected to announce post-tax profit

Thomas Cook has been tipped to post its first post-tax profit since it narrowly avoided collapse in 2009.

Cook is due to post its annual results on Wednesday, and analysts are expecting it to announce a small profit after tax for the year to September, the Telegraph reported.

Despite the move into the black, the Telegraph said that the travel giant is expected to post a drop in underlying earnings before interest and taxes from £323 million to £307 million following a turbulent year.

The operator was hit by instability in Greece and the massacre of tourists in Tunisia, although none of its customers were directly affected.

Cook is also currently dealing with the aftermath of the terrorist attack on a Russian aircraft flying from Sharm el-Sheikh, with all flights from the UK remaining suspended.

The Tunisia attack and Greek instability are understood to have cost the operator in the region of £25 million, while the current situation in Sharm is due to cost it between £5 million and £10 million.


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