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Thomas Cook ponders possible sale of airline unit

February 07, 2019 / Flightglobal

European tour operator Thomas Cook is considering the possible sale of its airline business, after announcing a review of the unit as part of efforts to increase funding to support a wider strategic overhaul. The airline business was a strong performer in a challenging year for the tour operator, which twice lowered profit expectations for the 12 months ended September 2018 – citing the negative impact of hot weather in Europe on demand for holiday travel.In a first-quarter trading update today, Thomas Cook said its underlying operating loss had deepened £14 million ($18 million) to £60 million, and that the review was in its early stages.