Thomas Cook's collapse boosted shares in TUI and budget airlines easyJet and Ryanair on Monday as investors pinned hopes on the tour operator's closure cutting capacity in the saturated European holiday market.
Vivendi has decided not to exercise withdrawal rights over its Mediaset holding as a deadline to liquidate the stake in the Italian broadcaster expired at the weekend, two sources close to the matter said on Monday.
FRANKFURT: Condor, the German airline subsidiary of British travel giant Thomas Cook, said Monday (Sep 23) it was requesting financial aid from Berlin to help keep it in the air even after its parent company declared bankruptcy. Underlining that it had been "profitable for many years," the airline ...
Scores of airlines wrote jointly to the Hong Kong government earlier this month to seek airport fee waivers as they struggle to deal with the financial fallout from anti-government protests that have led to a sharp drop in traveler demand.
LONDON: Tour operator Thomas Cook, founded in 1841 and a pioneer of modern package holidays, collapsed on Monday (Sep 23) after failing to reach a rescue deal. Here is a look back at the 178 year-old global brand: TRAVEL PIONEER Thomas Cook arranged the first known organised trip in Britain...
Indonesian Lion Air's Malaysian subsidiary Malindo Air said on Monday that two former employees of its e-commerce contractor were responsible for its passenger data breach.
NEW YORK: British Prime Minister Boris Johnson on Monday (Sep 23) questioned whether the directors of companies such as collapsed travel company Thomas Cook were properly incentivised to avoid bankruptcy. Thomas Cook, the world's oldest travel firm, collapsed on Monday, stranding hundreds of ...
Australia has lifted a temporary ban on controversial live sheep exports, with the first ship due to depart for the Middle East this week with about 60,000 animals on board.
SINGAPORE: Singapore's core inflation rose 0.8 per cent year-on-year in August, unchanged from the previous month when it eased to its slowest pace in more than three years. This was due to a steeper fall in the costs of retail goods and electricity and gas which was offset by higher food and...
LONDON: Thomas Cook, the world's oldest travel firm, collapsed on Monday (Sep 23), stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history. Chief Executive Peter Fankhauser said it was a matter of profound regret ...
