British tour operator Thomas Cook (TCG.L) said it expected to hit its full-year operating targets after seeing early signs that tourists were returning to troubled markets Turkey and Egypt.
Thomas Cook, which unnerved investors in February when it issued a cautious outlook, said trading for the group was progressing in line with expectations. While it saw some margin pressure due to more competition, demand for summer holidays was strong.
"After a slow start to the season and a tough year in 2016, we're seeing early signs that customers are beginning to go back to Turkey and Egypt," it said.
Reporting by Kate Holton; editing by Costas Pitas; Reuters