Holiday giants Thomas Cook and TUI Travel narrowed first-quarter losses after reporting increases in the average price of package holidays.
Britain's second-biggest travel company, Thomas Cook, held off from dis-counting as it reduced its supply, pushing average selling prices up 12% this winter and 3% for summer.
Bookings for summer were down 5% at the group, which has issued a string of profits warnings in recent years, but it narrowed its operating loss 24% to £70 million in the three months to December 31.
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