Thomas Cook confidence grows

1London – 23 November 2016
Thomas Cook Group paid out its first dividend in five years as growth in holidays to safe destinations like Spain and Portugal offset the impact of terror attacks in Turkey and losses at its German airline Condor, Bloomberg reported. The shares jumped as much as 10 percent.

The tourism group will pay a dividend of 0.5 pence per share, the first disbursement to its investors since 2011, reflecting confidence that funneling more customers to its own hotels can support its push for “sustainable, profitable growth,” the company said.

Bookings for the ongoing winter season are up 2 percent, and are also higher in all its source markets for summer 2017.