THOMAS COOK COLLAPSE LEFT £585M OF HOLIDAYS CANCELLED

THOMAS COOK COLLAPSE LEFT £585M OF HOLIDAYS CANCELLED

Many Thomas Cook customers have taken to social media to express their frustrations

Holidaymakers lost trips costing more than half a billion pounds when Thomas Cook collapsed, new figures show.

The Insolvency Service said £585 million was owed to customers for package holidays, flights and other services after the firm went bust in September.

Trade creditors such as hoteliers, airports and aircraft catering suppliers were owed £885 million.

Total liabilities for Thomas Cook Group were around £9 billion, with the majority owed to other companies within the group, including some which have ceased operations.

The Insolvency Service said it is not known how much of the money will be paid back as a result of the liquidation.

Published: by Radio NewsHub
Start your relationship

If you are interested in receiving bulletins from Radio News Hub or would simply like to find out more please fill in the form below.

We aim to get back to you within 48 hours