Shares in tour company Thomas Cook fell on 16 September , as the firm tries to agree a £ 900 m ( $ 1.1bn ) rescue package amid reports of its imminent collapse . The company has reported several profit warnings and a fuel shortage . The Civil holiday Authority is reportedly ready in case it has to repatriate holidaymakers if the firm collapses . Deal talks are being held between Thomas plc and its majority shareholder shareholders , which would give the Chinese company 75 % of the tour operation and 25 % of the airline . Thomas Cook said rumours of collapse has no impact on its tour and flight operations .
Shares in tour company Thomas Cook fell on 16 September, as the firm tries to agree a £900m ($1.1bn) rescue deal amid reports of its imminent collapse. The company has reported several profit warnings and a cash shortage. The Civil Aviation Authority is reportedly ready in case it has to repatriate holidaymakers if the firm collapses. Deal talks are being held between Thomas Cook and its majority shareholder Fosun, which would give the Chinese company 75% of the tour operation and 25% of the airline. Thomas Cook said rumours of collapse has no impact on its tour and flight operations.