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Thomas Cook: Tui assessing impact of Cook collapse on finances

Operators
James Chapple
24 September 2019

Tui says it is assessing the short-term impact of the collapse of Thomas Cook on its finances.

Tui has pushed back the resumption of many holidays into July

Cook’s failure on Monday (23 September) came just a week before Tui’s full-year trading period (1 October 2018 to 30 September 2019).


In a trading update issued on Tuesday morning (24 September), Tui said while summer 2019 was “closing out in line with expectations”, it remained a challenging market environment in which to operate.


The operator cites the ongoing grounding of the Boeing 737 Max, airline overcapacity and the continued uncertainty around Brexit.