Business

Travel firm 'back from the brink'

ThOmAs Cook boss harriet Green has shrugged off fears that bookings would be hit by the recent heatwave, insisting the travel agent was "back from the brink" after its near-collapse last year. ms Green said third quarter results marked a "crucial milestone" in the company's turnaround plan and meant it was no longer having to resort to "crazy" offers to get rid of unsold holidays. Figures showed pre-tax losses down six per cent to £79 million for the three months to the end of June while the company pointed to a separate measure excluding finance costs that saw it return to the black. Revenues were up five per cent to £2.35 billion.