Airtours reveals operating profit of £26.6 million

AIRTOURS has reported a rise in operating profits of more than £20 million for the quarter ending June 30.

The figure was revealed to be £26.6 million for the quarter, up from £2.1 million in the same period last year. Its North American charter operation made a profit of £5 million and remains on track to achieve profitability later this year.

Sales for the period are strong with bookings up 12% in the UK, 2% in Scandinavia and group bookings for this winter season 9% ahead of forecasts and group bookings for next summer 8% ahead of forecasts.

Airtours chairman David Crossland said: “It is evident that the changes introduced by the new management team are delivering significant improvements in profit. With strong forward bookings in all our markets for the rest of this summer and for the future seasons on sale, the group is well placed to deliver sustainable growth.”