Holiday provider On The Beach flags costs from Thomas Cook collapse
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Airlines ask Hong Kong to waive airport fees as demand drops: letter
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Hundreds of thousands stranded as British travel firm Thomas Cook collapses
Reuters | 2 hours
LONDON (Reuters) - The world’s oldest travel firm Thomas Cook ( TCG.L ) collapsed on Monday, stranding more than half a million holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history. The liquidation marks the end of a British company that started in 1841 running local rail excursions before pioneering
SYDNEY (Reuters) - Most Asian share markets slipped on Monday as investors waited for more clarity on the Sino-U.S. trade talks after recent negotiations, while oil gained more than 1% as Middle East tensions remained elevated. Analysts said investor sentiment was fragile with civil unrest in Hong Kong, tensions in the Middle East and worries over
ISTANBUL (Reuters) - The Turkish finance and tourism ministries are working on a loan support package for local companies affected by the collapse of travel firm Thomas Cook ( TCG.L ), the Tourism Ministry said on Monday. It said on Twitter that 21,033 Thomas Cook customers were currently on holiday in Turkey, adding the package will be put into effect
Some board members and large investors in WeWork are privately discussing whether and how to replace the company’s co-founder, Adam Neumann, as chief executive to salvage the company’s fortunes, three people involved in the talks said. Among those now favoring removing the charismatic but sometimes erratic Mr. Neumann is SoftBank, the Japanese technology
LONDON (Reuters) - Thomas Cook’s ( TCG.L ) collapse boosted shares in TUI ( TUIGn.DE ) and budget airlines easyJet ( EZJ.L ) and Ryanair ( RYA.I ) on Monday as investors pinned hopes on the tour operator’s closure cutting capacity in the saturated European holiday market. The world’s oldest travel firm went out of business on Monday, stranding some
Prime Minister Scott Morrison needs to leverage Australia’s relationship with the United States in order to end the US-China trade war, according to Labor frontbencher Tim Watts. While visiting the US Mr Morrison threw his support behind President Trump’s trade demands, especially regarding allegations of intellectual property theft by Beijing. The
BRIGHTON, England (Reuters) - Thomas Cook bosses should have to pay back any bonuses they have received, Britain’s opposition Labour Party finance spokesman John McDonnell said on Monday following the travel firm’s collapse. McDonnell, asked if executives should have to repay bonuses, said: “Too right.” “I think they need to really examine their own
KUALA LUMPUR (Reuters) - Indonesian Lion Group’s Malaysian subsidiary Malindo Air said on Monday that two former employees of its e-commerce contractor were responsible for its passenger data breach. Malindo Air made the breach public last week after Moscow-based cybersecurity firm Kaspersky Lab said in a report that the details of around 30 million
(Reuters) - Aircraft leasing companies are launching moves to recover dozens of Airbus passenger planes after the collapse of British travel group Thomas Cook ( TCG.L ), market sources said. The overall group operates a fleet of 85 Airbus planes and 31 Boeing jets, or a total of 116 aircraft based across Europe, according to data from UK-based aviation
