Thomas Cook Group, Europe's second-largest tour operator, has announced that it is looking to amend loan terms with its lenders as it is facing a difficult financial situation.
This announcement has sent the company's stock tumbling 75% to about 10 pence (roughly 16 cents) a share on the London Stock Exchange. Reports claim that Thomas Cook's debt was at 900 GBP (about $1.4 billion) at the end of September.
This announcement has sent the company's stock tumbling 75% to about 10 pence (roughly 16 cents) a share on the London Stock Exchange. Reports claim that Thomas Cook's debt was at 900 GBP (about $1.4 billion) at the end of September.
