Tunisia-hit travel firm enjoys 10% shares rise
Thomas Cook shares have surged by 10% after the group posted upbeat full-year results.
It posted its first annual bottom-line profit for five years despite a £130m sales hit from the Tunisian beach and hotel terrorist attacks in June.
The group said it had been a year of "considerable challenges" after also becoming embroiled in a crisis over its handling of the deaths of two children nine years ago from carbon monoxide poisoning at a hotel booked through the travel company.
Chief executive Peter Fankhauser said the group had "confronted its mistakes" following the Bobby and Christi Shepherd tragedy.
Thomas Cook posted profits after tax of £19m, its first positive profit after tax since 2010. But it said the suspension of holidays to Tunisia cost the group £130m in sales, with underlying earnings impacted by around £22m.
It added the financial year was off to a good start, despite the cancelling of flights to Sharm El-Sheikh in Egypt after the downing of a Russian passenger plane. Tunisia holidays also remain suspended for most markets.