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Thomas Cook says summer sales are in line

Published: 21:02 24 Sep 2015 AEST

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Shares soared higher today...

Shares in Thomas Cook (LON:TCG) flew to a six-week high as the travel group shrugged off the tragic events in Tunisia and uncertainty surrounding Greece.

The summer season was around 91% sold, the same level as 2014, though Tunisia remains “effectively closed” for the time being.

In the UK, summer capacity is 95% sold, 1% ahead of the same time last year, with average prices hiked by around 4% both for package holidays and for seat only bookings on Thomas Cook Airlines.

North Europe enjoyed particularly strong trading, the company added.

Connor Campbell at spread-betting firm Spreadex said Cook “had benefited from sun-seeking northern Europeans trying to escape the dismal summer weather.”

The company added that it has already sold more than a third of its winter season.

Shares in Thomas Cook had risen by as much as 5% this morning, but slipped back as the morning went on to sit 2% higher at 118p.

Rival TUI (LON:TUI) yesterday also noted its summer season is now almost fully sold, with bookings and prices ahead of the previous summer.

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