TT. Tui Travel

Travel operator Thomas Cook Group PLC (TCG.LN) said Thursday that its performance this year will be in line with its expectations.

As the winter 2009/10 season draws to a close, the company said trading has continued to show progress and summer 2010 bookings have continued to pick up across all major markets.

For the winter season, aircraft load factor--a measure of how efficiently it fills planes--was 93%. Average selling prices were up 6% on the year, with cumulative bookings down 9%. It sold 91% of winter holidays, in line with last year.

For the summer 2010 season, the company has lowered capacity in the U.K. by 3% as cumulative bookings fell 2%. However, over the past four weeks, customer bookings have risen 30%.

Average selling prices for the summer in the U.K. are up 2% year-on-year, which reflect the shift in mix away from higher priced long haul to lower priced but higher margin medium haul. In the U.K. it has sold 54% of its summer program.

Larger rival TUI Travel PLC (TT.LN) Wednesday said demand for leisure holidays was continuing to improve strongly and it's well positioned to meet its own expectations for the fiscal year ending Sep. 30.

Thomas Cook shares, which have gained 10.5% over the past three months, closed Wednesday at 256 pence.

-By Kaveri Niththyananthan, Dow Jones Newswires; 4420 7842 9299; kaveri.niththyananthan@dowjones.com

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