ATHENS: Thomas Cook Group Plc said the impact of terror attacks in Tunisia, political and financial turmoil in Greece and the weakening of the euro will combine to wipe about 64 million pounds ($100 million) from full-year earnings.
Repatriating clients from Tunisia and rebooking others after June’s shooting will cost 20 million pounds, discounts on Greek travel will cut profit by 5 million pounds and the slide of the euro and Swedish krona against the pound will cost 39 million pounds as sales to continental clients are converted to the U.K. currency, London-based Thomas Cook said Thursday.
“Our business has been impacted by significant external shocks,” Chief Executive Officer Peter Fankhauser said in a statement, adding that summer bookings are down 3 percent in mainland Europe, 1 percent in the U.K. and are flat in Scandinavia. The company’s fiscal year runs through Sept. 30.
