December 06, 2018

Thomas Cook: What’s gone wrong at the holiday firm?


The firm is being buffeted by a number of factors: financial, social and even meteorological.

Six months ago shares in Thomas Cook were trading at just below 150p. Now, after two profit warnings, they are worth just a fraction of that price.

Stuart Gordon, an analyst at investment bank Berenberg, has followed Thomas Cook's financial performance closely. "There is a feeling the company may have to ask its shareholders for more money," he says.

The firm has blamed its drop in profits on a prolonged UK summer heatwave hitting overseas bookings. Meanwhile, winter bookings are also down by 3%.

Get the full story at BBC News