XL Update 00.10 12/9/08
from bbc.co.uk
Package holiday firm XL has filed for administration after experiencing financial difficulties, reports say.
The firm is Britain's third biggest tour operator and flies to 50 destinations, mainly in the Mediterranean and the Caribbean.
XL is the latest travel firm to face financial difficulties as the industry struggles with sky-high fuel costs and an economic downturn.
Low-cost transatlantic airline Zoom collapsed last month