Thomas Cook India management is pinning hopes on improvement in long haul business in second half of FY 2027. While domestic and short haul international business has shown resilience, long haul and inbound business in West Asia was impacted due to Iran-US region. The company saw 13 per cent year-on-year (y-o-y) decline in consolidated net profit to ₹63 crore in Q1 FY 2027.
On an overall basis revenue from travel segment declined 14 per cent y-o-y to ₹1,710 crore in Q1 FY 2027. Long haul business took a bigger hit with 28 per cent drop in revenue.
However, the company is now seeing positive trends. While uncertainty prevails, business conversion in long haul segment is better compared to the first quarter. Thomas Cook India Managing Director Mahesh Iyer said that the decline in long haul segment is expected to be lower than 28 per cent witnessed in first quarter.
“If the situation remains constant we should be better in the second half,” Iyer said in a post result conference call on Tuesday.
Iyer said B2B businesses including corporate and meetings, incentives, conferences and exhibitions (MICE) segments too have reported growth. Iyer said the company continues to focus on expanding digital offerings and sharper execution.
“The first quarter of FY27 was characterised by a highly volatile operating environment. The impact was particularly severe on our GCC-based subsidiaries that continue to be affected by the ongoing conflict in the region. The group delivered a resilient performance for Q1 FY27 despite the challenging environment, with both financial services and leisure hospitality registering growth,” Iyer said.
Published on August 4, 2026
