Thomas Cook holidays to Turkey and Egypt help company to profitable year

Thomas Cook has announced its results for the year and buoyed by an increase in holiday bookings to Turkey and Egypt, it has seen £308million profits.

While these financial results are similar to last year, it does mean that Thomas Cook is defying the recession and a holiday market that is clearly experiencing a downturn. Holidays to European destinations have fallen, but this has been offset by the increased popularity of non-euro countries like Turkey and Egypt.

The tour operator remains confident that bookings for 2010 will be strong, with early signs reinforcing that view.