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Thomas Cook might sell airline to raise cash, shares climb
LONDON (Reuters) – Thomas Cook said it was willing to sell its profitable airline business to raise cash to fund its fight back from losses racked up in 2018 and to cope with a tough year ahead, sending the travel group’s shares 12 percent higher. The oldest travel company in the world stumbled badly last year when a heatwave in northern Europe deterred holiday makers from booking lucrative last minute deals, leading to two major profit warnings and talk of a need to raise funds. (flip.it) 기타...Sort type: [Top] [Newest]
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