Thomas Cook, the 171-year-old UK tour operator, said it plans to raise as much as £150 million ($224 million) from disposals and is expanding cost cuts to achieve profitability targets.
Another £50 million have been added to the existing savings plan to bring profit improvement to £350 million, the company said in a statement Wednesday. The company has already achieved £60 million of the turnaround, with the rest due by 2016, it said. Thomas Cook is midway through a three-year turnaround.
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