Members of the European Parliament have called on EU member states to introduce new measures to protect consumers and employees from tourism sector failures.
German charter airline Condor has been granted EU Commission permission to accept German state aid bailout funding following the collapse of Thomas Cook.
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.