Shares in UK travel agency plunge amid Brexit warning

LONDON (AP) — Shares in travel agency Thomas Cook slumped 17 percent after it reported a 1.5 billion pound ($1.9 billion) half year pre-tax loss and warned Brexit uncertainty was prompting travelers to delay bookings.

The cash-strapped firm has struggled amid competition online for bookings as well as a drop in demand for package vacations

CEO Peter Fankhauser says "there is now little doubt that the Brexit process has led many U.K. customers to delay their holiday plans for this summer.Read more on NewsOK.com

LONDON (AP) — Shares in travel agency Thomas Cook slumped 17 percent after it reported a 1.5 billion pound ($1.9 billion) half year pre-tax loss and warned Brexit uncertainty was prompting travelers to delay bookings.

The cash-strapped firm has struggled amid competition online for bookings as well as a drop in demand for package vacations

CEO Peter Fankhauser says "there is now little doubt that the Brexit process has led many U.K. customers to delay their holiday plans for this summer.
Read more on NewsOK.com

Read more on Newsok 

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