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Travel agent Thomas Cook has reported third quarter revenue fell eight per cent, to £1.8 billion, as terror attacks across Europe hit sales.

At the same time, underlying profit shrank from £30 million last year to £2 million. Pre-tax losses grew from £44 million in the third quarter of last year to £64 million.

Peter Fankhauser, chief executive of Thomas Cook, commented: “Our financial result in the third quarter was in line with our expectations when we last reported in May, following the impact of the attack on Brussels airport in March and continued weak customer demand for Turkey, which has affected Airlines Germany in particular.

“Since the half year, we’ve taken action to further reduce our capacity to Turkey and increased sales of holidays to other areas, including the Western Mediterranean and long-haul destinations such as the USA.

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