Airlines around the globe are reacting to a travel demand slowdown as a result of the Corona-virus Covid-19 outbreak, by cutting flights and grounding aircraft.
Thomas Cook is in a desperately bad position this evening, with many concerned that the company will not make it through the weekend.
Despite a campaign of positivity by Thomas Cook on social media, the company filed for bankruptcy protection in the United States yesterday, triggering a potentially damaging meeting tomorrow.
Nearly two years since the collapse of Monarch Airlines, another major UK holiday carrier is standing at the edge of the abyss as Thomas Cook scrambles to secure vital funding.
Two weeks ago, I wrote to a company that claims to be starting a new airline, and buying a bankrupt Indian one – they have finally responded.