In the year it closed a Bradford city centre call centre with the loss of 600 jobs, holiday giant Thomas Cook more than halved losses.

The company, which retains an operations centre at Birkenshaw, said the first year of its major overhaul was “just the start” of its return to health.

Chief executive Harriet Green outlined plans for a further wave of cost reductions, having already begun a programme of widespread cuts that has seen it slash its network of UK travel agencies from more than 1,100 to 874 and is leading to about 2,500 job losses.

She said she could not rule out further job cuts, but stressed the focus of the new plan was not on reducing its workforce.