The Speaker
Wednesday, 17 July 2024 – 20:14

Thomas Cook collapses – CAA launches major operation to fly Britons home

Thomas Cook, the UK’s oldest travel agent has collapsed and has ceased trading on Monday.

The travel agent had been on the brink of collapse at the weekend as it needed to find £200m in funding to save the company. Meetings were attended by the company’s bosses on Sunday to try and avert the collapse, but it is understood that these efforts ultimately failed.

If you are due to travel with Thomas Cook or are currently overseas on a holiday with the group, you can find the latest information here.

Thomas Cook confirmed the collapse shortly after 2am on Monday morning. Passengers are being advised not to travel to the airport as all flights are cancelled and to instead check the website linked above for information.

The UK’s Civil Aviation Authority and the Department for Transport are leading what is Britain’s biggest ever peacetime repatriation operation. It is thought around 165,000 Britons will need to be flown back to the UK. On Sunday, Foreign Secretary Dominic Raab said speaking to the BBC, “We have got all the contingency planning to make sure no one will be stranded.” The operation will be significantly larger than when Monarch Airlines collapsed in 2017.

On Sunday evening, Thomas Cook was telling customers that operations were continuing as normal. However, sources were suggesting that the company was about to collapse. The company is now in compulsory liquidation.

The jobs of around 22,000 staff at the group are at risk, around 9,000 of which are in the UK.

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