Share price plunge of Thomas Cook ‘was shocking’

<p>Thomas Cook’s share price dip was shocking, says its chief executive.</p>

The chief executive of Thomas Cook has admitted that the company's share price plunge was "shocking" to witness.

Hannah Green noted how the firm was not in good health when she joined in the role, with its stocks below 12p at one point, down from a high of 270p.

"We have made extraordinary progress," she was quoted as saying by Travel Weekly, as the company's stocks were up by 15 per cent at one point this week.

Ms Green said: "Some of what we are seeing now is the market regaining confidence in Thomas Cook."

Thomas Cook's share price rocketed this week on the back of fresh cost-cutting measures announced by the chief executive.

But in trading today (March 15th) the stocks had slipped back by 14:45 GMT, standing at 115.62, a drop of more than six per cent on the start of the day.

Ms Green is aiming to achieve 3.5 per cent sales growth by the end of the year.

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