From the "Motley Fool" (30th June2019)......
Over the 12 months to 31 March, Thomas Cook paid £122m in interest costs but only generated £30m of cash from operations. The firm’s latest balance sheet shows total liabilities of £6,371m and total assets of just £5,026m. This suggests that the firm may be insolvent. Without a refinancing deal, I don’t see how Thomas Cook can continue trading.
£ at its lowest since 2000, shrinking economy, less disposable income available.
I doubt things will improve when Boris moves into No.10.
Genuine best wishes to all crew.