tcx
I'm no expert on matters like these but I would imagine that it doesn't take a genius to work out TCXs strategy at the moment.
Bookings may be down 33% year on year, but they've got 8% less holidays to sell. Combine this with the fact their margins are much better than last year I would say they are in quite a good position to start making a bit more profit.
Effectively they've got less to sell and what they have go to sell they are selling it at a higher price.
Perhaps it would be more useful if someone gifted with maths factored in the 8% cut in capacity then worked out how its comparing with the previous year.
I've got a soft spot for Thomas Cook, really wishing them luck!!!!