Travel agent Thomas Cook says that its financial results for the nine months to the end of June 2009 are in line with expectations with revenues up 10.7% to £5.85 billion sterling.
The company said that its loss from operations before exceptional items and swine flu reduced by 43.4% to £49.5m.
The group says that trading for the summer 2009 season continues to be robust with prices flat or head of last year in all major markets.
The company admitted that the impact of swine flu has been more significant that it had anticipated. It said it expects the impact of swine flu was £12.6m, of which the majority occurred in the UK and its Airlines Germany division.
Thomas Cook said that the underlying performance of the UK segment has been robust in the context of weaker sterling and tough economic conditions, particularly in Ireland where trading has been extremely challenging.
'We have taken measures to reduce our cost base in Ireland and across the segment to support margins,' the company said.
The company said it was preparing itself for continued tough market conditions.
Meanwhile, the dispute at the travel agency in Dublin has ended. Protesting staff have accepted an improved redundancy package from the company.
The deal between the TSSA union and management was worked out during ten hours of talks at the Labour Relations Commission last night.
Staff had staged a sit-in at the company's Grafton Street premises, which ended last week.
