TOUR operator First Choice has given a sunnier picture of the holiday market, after seeing robust bookings.
The group, which slashed capacity and axed 1,100 jobs in the wake of the September 11 terrorist attacks on the US, said that its cost-cutting strategy was working.
First Choice said it had planned prudently for the summer period, cut capacity and costs and resisted any temptation to be over optimistic about trading conditions.
"The business has responded well and we have been encouraged by booking trends," it said.
Losses for the half year to April 30 widened however, to £59.8m, from £46.1m.
The statement comes in contrast to the recent shock profits warning from rival MyTravel, the former Airtours, which saw holidaymakers delay booking their summer breaks, leaving it with a glut of holidays to sell.
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