Thomas Cook Group's airline operations to chop GBP10m from profits

Thomas Cook Group released (28-Sep-2010) a pre-close trading update, ahead of the release of its full results on 30-Sep-2010. The company's UK operations have been relatively stable against a "difficult background" and trading in other markets has been in line with or above company expectations. Thomas Cook's cost experience in the UK has "not been as favourable as expected", particularly in airline operations, and this will result in a net impact of around GBP10 million on the underlying group operating profit. [more]