Summer holiday bookings for tour operator Thomas Cook decreased sharply in the first two weeks of the year. Figures released by the company on Tuesday showed a decrease of 33 per cent in summer holiday package reservations from 1 January to 13 January. Analysts say the slump comes during a key booking time for travel [...]

Struggling tour operator Thomas Cook has confirmed that it will be closing 200 high street branches in an attempt to slash its debts. This week, the firm announced a £398 million pre-tax loss. The closures could mean the loss of as many as 1,000 jobs across the UK. Around 20 branches have already been shut [...]

In an attempt to slash its spiralling debts, beleaguered tour operator Thomas Cook has announced the sale of its Hoteles Y Clubs De Vacaciones stake. The deal will see it offload a golf club and five hotels in Spain to Iberostar. The deal is worth 72.2 million euros. Thomas Cook has already delayed the announcement [...]

Consumer group Which? has revealed its latest list of the best airlines for travel to destinations around the world. Among carriers heading to the Spanish mainland and Balearics, which is the international region that host the largest number of British holidaymakers worldwide, Jet2.com took the top spot, followed by UK flag carrier British Airways, Monarch [...]

Shares for travel firm Thomas Cook have regained ground after Friday’s announcement that the company had secured a new £200 million loan. Monday saw Thomas Cook stock rise by 23 percentage points on the news, although share prices are still down 88 per cent from figures seen in January. The biggest drop occurred early last [...]

Shares for tour operator Thomas Cook plummeted 75 points on Tuesday amid news that the company was discussing further loans with bank officials. As the stock closed down 75 per cent, officials from the struggling firm called the loss a ‘deterioration of trading’ and cited political turbulence in Tunisia and Egypt as well as severe floods [...]

Travel firm Thomas Cook has been found guilty by a British court of causing unnecessary harm to a bulldog that died on one of its flights. Mid Sussex Magistrates’ Court said that the dog, named Buster, had undergone unnecessary suffering before he was found dead on arrival at Gatwick airport after flying from Cyprus on [...]

Experts are warning that failures among tour operators are inevitable in the coming months. The news comes via the ‘Red Flag Alert’ report, commissioned by corporate administrator Begbies Traynor, which said that continued economic hardships continue to take their toll on the bookings of unsuspecting tour operators, travel firms and  holidaymakers. Figures in the report [...]

Travel firm Thomas Cook has reported that its booking numbers among UK holidaymakers remained ‘flat’ over the summer. Despite the report, the company said in its statement this week that its full-year profits were expected to be in line with expectations in the market. The release also said that its business was and would continue [...]

Tour operator Thomas Cook has been given the green light to move forward with its proposed merger with Co-op Travel. The news comes as a much-welcomed boost for the firm, which recently saw its chief executive step down following a series of profit warnings and a horrific year. But on Tuesday the Competition Commission gave [...]