Home / Sports

Thomas Cook warns of tough times ahead

China Daily | Updated: 2009-12-01 08:05

LONDON: Europe's second-biggest tour operator, Thomas Cook, warned trading conditions could become even more challenging in 2010 though it was confident of meeting market expectations for the year.

CEO Manny Fontenla-Novoa said the group had taken into account the challenges of rising unemployment, pressures on consumer spending, the weakness of sterling and next summer's soccer World Cup as it prepared for the year to come.

"We always thought that 2009/10 was going to be very tough, perhaps even tougher than the year just finished," Fontenla-Novoa told a conference call yesterday.

Thomas Cook warns of tough times ahead

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349