Manufacturing Industry
Thomas Cook to revamp German airline
Airline Industry Information, May 26, 2004
AIRLINE INDUSTRY INFORMATION-(C)1997-2004 M2 COMMUNICATIONS LTD
European tour operator Thomas Cook is reportedly planning to overhaul its German airline.
The company is planning to offer low-cost flights in an effort to draw customers and compete with no-frills carriers. It is also expected to focus on seat-only passengers under its Condor brand rather than those flying as part of a vacation package.
Condor reportedly aims to improve its profit by EUR240m by the end of 2005 as a result of the revamp.
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