LONDON (ShareCast) - (Sharecast News) - On The Beach said on Monday that it will take a one-off hit as it helps customers affected by the collapse of Thomas Cook.
The package holiday provider will book an exceptional cost as it helps customers to organise alternative travel arrangements, although it did not specify an amount.

The group said it expects to be able to recover the costs of the cancelled flights via chargeback claim, as was the case for the collapse of Monarch Airlines in 2017.

"This one-off exceptional will be booked in the current financial year. The board is currently evaluating the potential effects of the failure on its forecasted performance for the year ending 30 September 2020, and a further update will be provided when appropriate," it said.

On The Beach warned in August that its full-year performance would be below the board's expectations due to the depreciation of the pound.

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