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Broker snap : Thomas Cook

Source: The Scotsman
Buy : Russia | 10 months ago  
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Both Thomas Cook and rival TUI are cutting 2009 capacity given their need to raise prices to offset cost pressure, the broker noted. RBS Equities thinks the capacity cuts will boost 2009 profitability and that Thomas Cook will make "incremental synergies" of £65 million after buying Jet Tours and TriWest Travel.
Tags: broker snap
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