Thomas Cook half year results are expected tomorrow with consensus forecast for 2010E around £325m as the travel and leisure sector seeks to reassure after the volcanic ash crisis.

Already, Easyjet who reported this week said the cost of the ash crisis could 'spiral' to £75m depending on passenger compensations.

However, Thomas Cook who own just 95 aircraft are expected to post strong trading after a positive update in March.

Winter bookings - as reported in March - were ahead of last year's 93 pct load factor whilst Summer bookings were also good, and analysts with Panmure Gordon have a target of 315p on the company.

"With less holidays to sell in May and even less in June, prices should trend upwards given lower anticipated late activity" said Panmure Gordon analyst Simon French.

"We leave our numbers unchanged and forecast £331m PBT for FY 2010E." he added in March.

FTSE