profits in Thomas Cook fell by over 30 % after the parent firm issued a second profits warning since September , citing a fall in demand due to the unusually hot UK summer . The surprise profit warning came just before the company issued results for the nine months to September . The company expects a £ 58 m ( $ 100 m ) decrease in underlying operating profits YoY to £ 250 m , largely due to its tour operator business losing profits . Thomas Cook has also confirmed winter bookings are down 30 % , largely due to the heatwave ’s “ knock - on effects ” . Shares in the company have fallen nearly 70 % during 2018 .
Shares in Thomas Cook fell by over 30% after the travel firm issued a second profits warning since September, citing a fall in demand due to the unusually hot UK summer. The surprise profit warning came just before the company issued results for the nine months to September. The company expects a £58m ($74m) decrease in underlying operating profits YoY to £250m, largely due to its tour operator business losing earnings. Thomas Cook has also confirmed winter bookings are down 3%, largely due to the heatwave’s “knock-on effects”. Shares in the company have fallen nearly 70% during 2018.