Thomas Cook Group CEO: Rival carrier insolvencies in UK and Germany helped deliver 7% growth

    Thomas Cook Group CEO Peter Fankhauser commented (08-Feb-2018) on airline insolvencies, stating: “Taking advantage of the disruption in the UK and German markets by providing a high quality and reliable service to customers, has helped deliver revenue growth of seven per cent and a GBP10 million improvement in the seasonal underlying operating loss for the first quarter [FY2017/2018]”. As previously reported by CAPA, airberlin and Monarch Airlines both entered administration in 2017. [more – original PR]