Chief executive Peter Fankhauser said: “We remain cautious about the rest of the year, given the uncertain political and economic outlook. “It’s still relatively early in the selling cycle for summer holidays, but based on current trading, and supported by further financial benefits from implementing our strategy, we expect our full year operating results to be in line with current market expectations.” His comments came as Europe’s second largest travel group reported that underlying losses of £49 million in the three months to December 31, 2016, improved by £1 million over the same period the previous year as revenue rose to £1.6 billion from £1.4 billion. Get the full story at Travel Weekly UK