Thomas Cook unveils €375m losses

Beleaguered travel firm Thomas Cook racked up £300m (€375m) of losses today after admitting that its brand was hit by its near-collapse last year.

Thomas Cook unveils €375m losses
Thu, 31 May, 2012 - 10:26

Beleaguered travel firm Thomas Cook racked up £300m (€375m) of losses today after admitting that its brand was hit by its near-collapse last year.

The 170-year-old company said that the negative publicity it suffered after it went to its banks for an additional £200 million of loans to secure its future had weakened sentiment towards it.

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