We shouldn’t be too sceptical about rescue of Thomas Cook shops

The package holiday market is dead and nobody under 40 goes to a travel agent, declared Michael O’Leary after the failure of Thomas Cook. So one must assume the Ryanair boss would diagnose an extreme case of naïvety at Hays Travel, the Sunderland-based, family-owned firm that has emerged as the surprise rescuer of 555 Thomas Cook shops and the willing […]

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Thomas Cook in last-ditch talks to avoid collapse

Thomas Cook is holding last-ditch talks with key players on Sunday morning in a bid to avert a collapse that will affect 150,000 UK holidaymakers abroad and put 9,000 British jobs at risk. The travel company is at risk of falling into administration imminently unless it finds £200m in extra funds. The government and the UK aviation watchdog are preparing […]

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