The lira is down 45% this year against the value of the dollar as Turkey struggles to manage a worsening financial crisis.
Shares in Thomas Cook, Tui and On the Beach were all down on Monday (August 13) as the Turkish lira crisis deepened.
President Recep Erdogan on Monday accused the US of “stabbing Turkey in the back” after it imposed sanctions on the country and doubled tariffs on Turkey’s steel and aluminium imports, sending prices tumbling further.
The crisis comes amid a resurgence in travel to Turkey from the UK after years of political tension.
