Transcript
Transcript

Thomas Cook – 2019 Volume & Margin Pressures – 28 May 2019

  • Public Equity
  • Consumer
  • Europe

Specialist

C-level executive of Fast Pay Hotels SL

Agenda

  • 2019 macro travel trends affecting Thomas Cook (LON: TCG) and the competitive landscape – TCG vs Tui vs Jet2
  • Gross margin drivers – over capacity, price vs volume vs mix, and hotel cost inflation
  • Strategic opportunities, including disposals vs hotel acquisitions
  • 2012 vs 2019 outlook – can TCG survive?

Questions

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