Egypt turmoil hits tour operators Thomas Cook has been undergoing a major transformation under Ms Green and shares have soared by a staggering 988 per cent in the last 12 months, as the company continues to recover from its near collapse in 2011. Richard Curr, head of dealing at Prime Markets, said Thomas Cook has had a "phoenix from the ashes" transformation and today's update represents more of a "reality check." He said the company's shares have also been hit by comparisons with a more upbeat statement from rival TUI. TUI raised its guidance for the full-year, saying it is now confident of achieving "at least" 11pc growth in underlying operating profit growth. Total UK sales of summer holidays are up 8pc year-on-year, TUI said, while it has also succeeded in raising selling prices by an average of 6pc. Although the company continues to experience problems in France, where total sales have dropped 22pc against a capacity reduction of 19pc, total sales across the group's divisions are up 2pc compared to summer 2012. TUI also offered a more optimistic outlook for the winter despite the problems in Egypt, which is a popular destination for winter sun-seekers. UK sales of winter holidays are currently 11pc ahead of the same period last year, TUI said. The group is reviewing capacity in Egypt but hasn't yet pulled all holidays to the Red Sea. "As soon as the unrest in Egypt started we actively began to remix the programme into alternative destinations," TUI said in a pre-close trading update.