Travel group Thomas Cook has said net losses almost trebled to £594m to March 31.
The group blamed the reluctance of holidaymakers to travel to trouble spots in north Africa and the Middle East.
Losses after tax hit £594.3m in the six months to March 31 compared with £200.8m a year earlier, Europe's second largest travel company said in an earnings statement.
"The results reflect the continued difficult trading conditions being experienced in most of the group's markets and particularly the impact of MENA (Middle East/North Africa) on France and the poor trading in the Canadian mainstream business partly a result of overcapacity in that market," it added.
Thomas Cook said its results were also impacted by its acquisition of British travel company Co-op and operations in Russia.
"This has been a period of significant change for the group," Thomas Cook's interim chief executive Sam Weihagen said in the earnings statement.
"At the beginning of this month we were delighted to announce the agreement with our banking group of longer term and more flexible funding.
"This, combined with the sale of Thomas Cook India, the sale and leaseback of some of our aircraft and the disposal of other non-core assets, provides the group with a much stronger financial platform."
Thomas Cook shareholders on Tuesday voted overwhelmingly in favour of selling two key units to ensure the group's survival.
The company had warned that failure to support a sale and leaseback of part of its aircraft fleet and the disposal of Spanish hotels could have jeopardised a £1.4 billion deal with lenders to extend the maturity of bank loans.
Thomas Cook, which has been hit by unrest in countries such as Tunisia and Egypt in addition to restructuring charges and higher fuel costs, came close to collapse last November.
Last week, the group announced the appointment of Harriet Green as chief executive, almost ten months after Manny Fontenla-Novoa quit the post following disastrous trading.
Green, who comes from outside the travel industry, will join Thomas Cook on July 30 after a spell as boss of British electrical components distributor Premier Farnell.
