Record profits for Thomas Cook

Two days after German-owned parent company Thomas Cook AG announced it had overturned four years of losses, the UK business said pre-tax profits rose 63.3% to £83.3 million for the year ending October 31. The most popular resorts for this summer are Egypt, Greece and Cyprus while Spanish resorts are enjoying a recovery, Thomas Cook said.

Its parent company, owned by German flag carrier Lufthansa and German retail group KarstadtQuelle, is Europe`s second biggest tourism firm. It owns the Club 18-30 tour operator famed for its bar crawls in places such as Ibiza and Tenerife.

Record profits for Thomas Cook

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