Piers Morgan reveals his brother and four-year-old niece have been left stranded abroad after Thomas Cook collapse

Piers Morgan reveals his brother and four-year-old niece have been left stranded abroad after Thomas Cook collapse

- in Gossip
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PIERS Morgan says his brother and niece were left stranded abroad after the Thomas Cook collapse.

Following the collapse, 150,000 holidaying Brits have been left stranded.

The Good Morning Britain host spoke about the catastrophic end to Thomas Cook today and admitted his family were among the families affected.

He said: “My younger brother was caught up in this in Skiathos. They had flown with Thomas Cook, the flight was cancelled. Him and his other half and their four year old girl were at the airport until midnight and then put up in some awful hotel.

“Apparently they were the lucky ones, other people aren’t getting anywhere. Thomas Cook staff were apparently in tears.”

View this post on Instagram

Me & my much older brother @rpmorgan2014. Poor guy, I got all the looks.

A post shared by Piers Morgan (@piersmorgan) on Jun 8, 2019 at 7:44am PDT

Thomas Cook collapsed after failing to pay the £200million it owed its creditors.

Tour operator Thomas Cook collapsed on Sunday September 22 after failing to meet its 11.59pm deadline to pay its creditor

As many as 9,000 British employees among 21,000 staff globally now face losing their jobs after the world’s oldest travel company plunged into bankruptcy.

Following the collapse, 150,000 holidaying Brits have been left stranded.

This means the Civil Aviation Authority now needs to dish out £600m to rescue stranded Brits, according to an industry insider.

Thomas Cook has collapsed after 178 years of trading
AFP or licensors

Thomas Cook, which is the UK’s oldest holiday company, agreed a £900million rescue deal with Fosun last month – but lenders then demanded another £200million.

Thomas Cook struggled with massive debts – which saw its value plummet from £2.2bn to £180m in one year.

The firm had previously issued a fresh profit warning and reported a half-year loss of almost £1.5bn after a goodwill write-off of £1.1bn, reports The Times.


Analysts at investment bank Citigroup had also branded their shares “worthless” and said they should be marked at zero.

Thomas Cook, which served 22 million customers in 2018, had debts of around £1.25bn.

It also said that there had been several bids for all or bits of its business.

The company closed 21 of its stores and its currency arm Thomas Cook Money is under review, plus there are more “cost efficiencies” planned.

More of its 566 stores will close when leases end and 150 jobs are being cut from head office.

 

 

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