British holiday operator Thomas Cook said its full-year earnings would be in the range of £315-335m, putting it broadly on course to meet analyst expectations.
The company said its operational performance in the 12 months to the end of September would show material improvement on last year despite a recent downturn in consumer confidence in Germany.
For its key summer season, Thomas Cook said that weaker prices, which it first warned about in May, continued but it had offset that impact by speeding up its cost-cutting plan.
Analysts currently expect the company to report earnings before interest and tax of £327m in the 12 months to the end of September, according to a Thomson Reuters consensus forecast.
Shares in Thomas Cook lost about 3% of their value yesterday after the company's larger rival Tui Travel agreed a merger with its majority owner TUI AG, creating the world's largest leisure and tourism group with a combined value of €6.5 billion.
