Thomas Cook warns Spanish holidays could cost more

Travel operator Thomas Cook has warned that Spanish holidays could become more expensive as the value of the sterling remains weak.


Following the Brexit vote, the value of the pound has fallen which experts say may lead to the price of holidays to Spain to go up by almost 10%.


The pound has fallen from €1.30 by 13% to €1.13. Thomas Cook has warned that this may effect holiday prices.


Chief executive Peter Fankhauser said the firm had dealt with an “operationally challenging” past month as it dealt with the impact of Hurricane Irma on up to 22,000 of its customers in the Caribbean and Florida.

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