May 20, 2019

Thomas Cook reassures holidaymakers after shares plunge

Troubled travel firm Thomas Cook has been reassuring customers who contacted the firm with concerns about holiday trips, after its share price crashed. Its share price fell sharply at the end of last week, and it dropped a further 16% on Monday to just 10p. Thomas Cook has been reassuring people on social media, and in a statement at the weekend, telling customers that it is "Business as usual". Thomas Cook said: "We have been taking customers on their holidays with us for 175 years and we plan to do so for a very long time." The bank's damning conclusion came a day after Thomas Cook issued its third profit warning in less than a year and reported a £1.5bn half-year loss. Thomas Cook is in the process of seeking bidders for its fleet of 105 jets as it tries to raise funds for the business.

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