Travel operator Thomas Cook is likely to have benefited from holidaymakers getting away from the UK’s wet August weather when it posts an update next week.
Analysts at brokerage Numis said trading in the UK’s core travel market was strong, adding that they expect the firm to report a robust late market surge. Both EasyJet and Ryanair said they saw an uplift in passengers last month as holidaymakers took advantage of the strong pound and to escape unseasonal UK weather.
In July, Thomas Cook warned of a £39 million earnings hit from the combined impact of the terrorist atrocity in Tunisia, the Greek debt crisis and the weakening of the euro.
The attack in June which claimed the lives of 38 holidaymakers including 30 UK nationals is expected to have a £20m impact on the firm’s full-year results with a further effect possible next year. Thomas Cook said this took into account the impact of cancelled trips, rearranging the summer flying programme to other destinations and the cost of repatriating customers to the UK.