Contemplating a Thomas Cook Holiday
Oh dear! Banks now want the tour operation to raise extra funds and it could fall into administration in days unless it finds £200m. A government bailout is probably the only answer to avoid 150,00 tourists stranded if the money is not forthcoming. The company does not have to annouce anything until the markets open at 7am BST tomorrow. As hoteliers are paid once travellers have taken their holidays the nightmare scenario is that people are turned out of their hotels. However until any announcement is made it is business as usual.