Any positive development in the travel industry may boost related stocks.
The domestic air passenger traffic increased around 67 per cent year-on-year in October
The travel services firm on Friday reported narrowing of its consolidated net loss
In addition to its holiday business, Thomas Cook India has observed increased uptick from the wedding and honeymoon segment
Increased occupancy coupled with upward revision in fare bands by the government has translated into higher fares during the festive season
Travel services provider Thomas Cook India has reported widening of consolidated net loss to Rs 20.23 crore for March quarter 2020-21, impacted by the pandemic. The company posted a net loss of Rs 13.90 crore for the year-ago period, Thomas Cook said in a late night regulatory filing on Thursday. Total income from operations stood at Rs 401.64 crore in the quarter under review. It was Rs 1,109.02 crore in the same period a year ago. For 2020-21, the company posted a net loss of Rs 295.19 crore as against a loss of Rs 17.65 crore in the previous year, Thomas Cook India Ltd (TCIL) said. Total income from operations stood at Rs 945.74 crore in the year. It was Rs 6,948.30 crore in 2019-20, it added. "We are already seeing positive signs with the tapering of infection rates globally and travel reopening in select countries, albeit in an understandably careful and calibrated manner," TCIL Chairman & MD Madhavan Menon said. This augurs well for the revival of the sector, with ...
Integrated travel services company Thomas Cook India limited its loss at a consolidated level to Rs 68 crore in Q4 FY21, compared with Rs 89 crore in the previous quarter
At the bourses, 'unlock trade' has been playing out well over the past few weeks with stocks from the related sectors on a run
The weekly chart of Thomas Cook shows a consolidation breakout above Rs 40, indicating a positive outlook from a medium-term scale
The travel services firm said it plans to raise up to Rs 450 crore via the issue of Optionally Convertible Cumulative Redeemable Preference shares (OCCRPS) through private placement
Promoter PNB said that it will not participate in PNB Housing Finance's capital raising plans
The size of the issue is up to Rs 450 crore subject to the approval of regulatory, statutory authorities and the shareholders of the company
Thomas Cook India said its reported cash and bank deposits had dropped by Rs 146 crore to Rs 245 crore during the three months to June 2020.
The company had posted a net profit of Rs 8.60 crore for the corresponding period previous fiscal, Thomas Cook said in a BSE filing
Surge in trips planned for Africa, Oman and UK with expansion of air travel bubbles
Travel services firm Thomas Cook India on Monday said it along with its arm SOTC has collaborated with WelcomHeritage Hotels to introduce holiday experiences across India. The portfolio features a blend of palaces, forts, havelis and wellness and wildlife resorts. The heritage stays are spread across 40 locales from Srinagar, Gangtok, Dharamshala, Corbett, Nainital, Palampur, Amritsar, Jaisalmer, Jodhpur, Ranthambore to Pench,Chandrapur, Ooty, Coorg, among others, Thomas Cook India said in a filing to the BSE. "Limited reopening of borders has put the spotlight firmly on Destination India and we are delighted to partner with the WelcomHeritage Hotels to catalyse domestic tourism,"Thomas Cook (India) President & Country Head Holidays, MICE, VisaRajeev Kale said. In a similar vein, SOTC Travel, Leisure, President & Country Head Daniel D'souza said, "We are delighted to have associated with WelcomHeritage Hotels to feature the finest traditions of heritage and hospitality in ...
The ratings are a result of the pandemic weakening the company's business and financial risk profiles
Amid the market sell-off, travel service companies such as Thomas Cook and Cox & Kings have been falling like ninepins, Indian Railway Catering & Tourism Corporation (IRCTC) has emerged as an outlier
The going has been pretty smooth so far, with an average occupancy of 60-70 per cent across all its properties, chairman and managing director of the firm said
The board of directors of the Company is scheduled to meet on Wednesday, February, 26 to consider and approve proposal for buyback of equity shares of the Company.