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Gloucestershire Business News

Thomas Cook says holidays are operating as usual as it struggles to find cash

Plans are underway to fly 150,000 British holidaymakers home, as Thomas Cook struggles to stay afloat.

The holiday company has confirmed it needs £200m to fill a big hole in its finances, as reported by Sky.

Thomas Cook has been bombarded with queries from concerned tourists, after it was revealed the company was frantically trying to raise the additional cash.

The company is reported to be examining every possible funding option. Currently 20,000 jobs are at risk, including 9,000 in the UK.

But on Twitter, the company has been trying to reassure customers that all holidays and flights are operating as usual.

If the company was to fail, it would trigger an operation to fly home more than 150,000 Brits who are currently on Thomas Cook holidays. Several hundred thousand people from other European countries are also currently on a Thomas Cook holiday at destinations across the world.

The Civil Aviation Authority (CAA) and Department for Transport (DfT) are keeping track of developments and are understood to have begun drawing up contingency plans, including leasing the aircraft required to bring customers home.

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