UK travel group Thomas Cook issues profit warning

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Reuters
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ID: 
1557989434884364800
Thu, 2019-05-16 06:45

LONDON: Travel group Thomas Cook said economic and political uncertainty would affect profits this summer after it reported higher first-half losses on Thursday, adding it had received multiple bids for its airline unit after it was put up for sale.
The oldest travel company in the world stumbled badly last year when a heatwave in northern Europe deterred holiday makers from booking lucrative last-minute deals, leading to two major profit warnings and talk of a need to raise funds.

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