Thomas Cook revenues fall to €2bn

International holiday operator Thomas Cook, which said it plans to close its Irish operations, has reported first quarter underlying revenue of £1.65bn (€2bn), down nearly 1% year-on-year.

However, the company cut its underlying losses by over 15%, or £10m, to £56m, for the three months to the end of December.

Group chief executive, Harriet Green said that new product revenue growth, profit improvement programmes and “an intense business focus and financial discipline” have given the board confidence in achieving its current year targets.