Travel operator Thomas Cook today raised the level of cost savings it expects to secure from its £8 billion merger with MyTravel.
The firm said it will now achieve cost savings of at least 200 million euros (£143.2m) - 60 million euros (£42.9m) higher than its earlier forecasts.
Thomas Cook said the higher savings were from previously announced initiatives, including the closure of offices and shops in a restructuring due to cost around 2,800 jobs by the middle of next year.
German-owned Thomas Cook merged with MyTravel in June, in a move combining brands such as Airtours, Direct Holidays, Panorama, Sunset and Thomas Cook.
In the same month, the enlarged company said it would close six offices and around 150 stores. Those plans are currently being implemented, including the closure of MyTravel's headquarters in Rochdale, where the former Airtours business was founded by David Crossland in 1972.
A spokeswoman for Thomas Cook, which is headquartered in Peterborough, said no new job cuts were being announced today.
Details of the higher cost savings emerged ahead of strategy presentations to analysts and investors in London. Thomas Cook set out a number of key targets, including the achievement of group operating profits of more than 620 million euros (£443.9m) in the 2009/10 financial year.
That figure is based on anticipated group revenues of 13 billion euros (£9.3bn), with 370 million euros (£264.9m) coming from financial services. While the proportion of business from foreign exchange is expected to fall, it will make up the difference from insurance and a recently-launched credit card.
Sales from independent travel are also expected to grow from 2.2 billion euros (£1.58bn) last year to 3.3 billion euros (£2.4bn) in 2009/10.
The group also pledged to explore investment opportunities, including acquisitions, in mainstream, independent travel, financial services and emerging markets.
Joint chief executive Manny Fontenla-Novoa said the company was now entering a "new and exciting" phase of its development.
He added: "Through the merger of Thomas Cook and MyTravel we have transformed both our business and the industry in general."
As announced earlier this month, Thomas Cook said it expected record profits for the year to last month from northern Europe, its German airlines and in continental Europe. It said it continued to be encouraged by bookings for 2007/08.