Rival travel stocks leaped after Thomas Cook's demise, but turbulence remains

"Short-term pains will almost certainly turn into long-term gains for TUI. It has a chance to mop up business that would have normally gone to Thomas Cook and to potentially convince some of its rival's customers to go for some of its more differentiated offerings rather than a bog-standard package holiday," Mould explained.

There is therefore a "major chance" for TUI, he added, but it will require some "very smart marketing." Richard Hunter, head of markets at Interactive Investor, said the update proved that these are "tough times in the travel industry" but stressed that TUI's diversified business model and digital aspirations render it a "different animal" to its fallen rival.Shares of Jet2 owner Dart Group rallied almost 10% at Monday's open to peak on Tuesday at 928p per share, and were still trading at 904p per share on Wednesday afternoon.

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Tearful last Thomas Cook flight as travelers scramble to get homeNewlyweds have been forced to cancel their weddings and honeymoons while thousands of people are facing disruption to their vacations following the collapse of UK travel company Thomas Cook. Oh, no ... an unforseen corporate failure ... Please insert sarcasm. FREEAI Lots n lots of endless undrunken beers n shots of vodkas... Imagine booking a holiday with a company on the brink of bankruptcy.
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