The travel operating firm, Thomas Cook revealed that there were even wider losses incurred by the firm. The reason for the low torus recorded this year is the disturbance that is going on in North Africa and the Middle East.

The Easter time has also passed away and people are now focusing on work rather than holidays. The economy of the nation is not at a very stable disposition. This is also one reason why people are not very willing to take trips. This is the reason he travel and tour firms are suffering losses.

The CEO of the firm addressed the UK team and said that he felt really sorry for them as they were going through such a rough time. He further added that the first half of the year was traditionally slow and quiet in UK. He was of the expectancy that the rest of the year would bring in some good profit for the firm.

There have been a number of problems faced by the many travel agencies in the world. This is as a result of the climatic and economic changes that the world has been subject to in the last couple of months.

Thomas Cook was one of the few firms which resorted to cost-cutting together with other things for saving the expenses of the firm. “It could have been a lot worse, and if we hadn’t taken these measures it would have been”, said Mr. Fontenla-Novoa.