Shares in Thomas Cook have plunged 30% after analysts at a bank said the travel firm's shares were"worthless".
"Like the auditors we see material uncertainties around the airline sale and the new debt facilities," said Citigroup.
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Thomas Cook slumps to £1.5bn loss as Brexit chaos hits travel plansFirm writes down value of My Travel and says UK customers are delaying holiday bookings trussliz truth behind BrexitShambles I'm sure Nigel has an explanation. 🙄 ThomasCookUK This is nothing to do with Brexit. This company has no customer service and the way they treated my disabled wife on a holiday to Cyprus in 2017 was shameful and put her health at risk. R.I.P Thomas cook
Source: The Guardian - 🏆 84. / 53 Read more »
Thomas Cook in £1.5bn loss as Brexit woe hits holidaysOn another bleak day for investors, the debt-riddled travel company also sounded the alarm over the outlook for the rest the year. Shares closed down 14.7 per cent, or 3.38p, to 19.61p. The reasons for Thomas Cook’s problems pre-date Brexit. Easier to blame Brexit than take responsibility for some shitty executive decisions like ignoring the internet for too long.
Source: Daily Mail Online - 🏆 135. / 51 Read more »