Egypt turmoil hits holiday bookings

AOL Money Staff
Thomas Cook
Thomas Cook

Tour operator Thomas Cook said turmoil in Egypt has hit recent bookings while rival TUI Travel has slashed flights to the popular winter sun destination after demand slumped.

Thomas Cook said its slow start to winter trading was also due to warm weather in Europe, following on from a weak finish to summer trading, when UK bookings fell 3% but prices rose 4.5%.