Thomas Cook UK and Ireland has recorded the best financial
performance in its 163-year history, pulling in a £51 million
profit in the year to October 31 2004.

Chief executive Manny Fontenla-Novoa said the results were due to
cost-cutting measures, which have seen the company improve its
financial performance by £110 million since October 2001.
“This was another year of challenges for the travel industry
but we made excellent progress both financially and
strategically,” he said.

He said the company had also benefitted from using the Thomas Cook
brand for all of its sales channels and 60% of its product were now
sold under the brand versus 40% sold as JMC and Sunset.