Regional unrest, weak sentiments weigh on Thomas Cook (India) quarterly performance

Political unrest and uncertainty in Hong Kong, haze and heat across Singapore and the Malaysian peninsula, and poor economic sentiment across Europe and UK due to Brexit have impacted Thomas Cook (India) Ltd’s bottomline.

Thomas Cook (India) reported losses of Rs 23 crore during the second quarter of the current financial year, compared to a loss of Rs 14.5 crore during the same quarter last year. However, the company has started adding a number of associate company, including Traveljunkie Solutions Private Limited and “Ithaka”- with effect from March 2019 quarter. Including associates, Thomas Cook India reported a profit of Rs 4.2 crore in the second quarter.