Kuoni shares plunge

GENEVA, Aug 21 (AFP): Shares in Switzerland-based global travel group Kuoni plunged on Thursday after the company posted weak results for the first half of 2014, blaming unrest in many parts of the world.
For the first half of the year, Kuoni posted a net loss of 14 million Swiss francs ($15.3 million, 11.6 million euros), a big improvement from the 74.3 million-franc-loss it reported a year earlier.
But while the net loss was less than half of the 26.8 million loss which analysts polled by the AWP financial news agency had expected, the travel group's revenue and operating income for the six-month period disappointed.
Company chief Peter Meier blamed unrest in many traditional tourist destinations.