Correct. The rotten-to-the-core UK press will try to demolish TCX, forgetting the millions of £ of advertising placed on their pages by the same company. Let's hope the Daily Mail, Express, and Sun all fold soon. Pity we cannot help them with some nasty publicity. That is sadly their domain. As it is with the BBC.
Check out this graph..
THOMAS COOK GROUP PLC 7.75% GTD NTS 22/06/17 (BR) £ Share Price - Shares - London Stock Exchange
It suggests the potential problem at TC has been know since at least end June. The media could have stuck the knife in before TC made their press release.