The well known travel company, Thomas Cook, is one of the few companies in the travel industry that is likely to met its forecasts for this fiscal year. On top of this, the company claims to be in a good spot to achieve their goals for 2010 as well. This announcement comes just after the company revealed it saw a big increase in late bookings for this summer. This goes double for holiday breaks in Egypt and Turkey.

Thomas Cook went on to report that it was able to sell 96 percent of its summer holidays, which is in line with 2008 results. On top of this, the company goes on to say that sales for this coming winter have also improved from what was predicted in August. Of course, the good news is not just limited to Thomas Cook. In fact, TUI Travel, Thomas Cook’s main rival, announced the same kind of trend in late bookings as well.

Despite the good news, it does appear that Thomas Cook will be reducing the number of winter flights and vacation packages that it will be offering. This is to avoid having to discount them out due to the recession. Summer bookings for continental Europe have already declined overall by 12 percent from a year ago.

The CEO of Thomas Cook, Manny Fontenla Novoa, said that Thomas Cook is in good shape. He pointed out that trading is already ahead of capacity. Although the bookings might be coming in a bit late, they are still coming in. Thus, the company plans to have a full year of profits.