thomas cook - will they go into administration?
Unfortunately, after many attempts of private funding, Thomas Cook has had to ask the British Government for around £200 million.
However, this is a fraction of the price they would have to pay if Thomas Cook went into administration.
If Thomas Cook went into administration, around 150,000 people would be stuck outside the country.
This would cost the British Government around £600 million in costs to get them all home.
Unfortunately, Thomas Cook came last out of 72 airlines in terms of ranking.
In 71st place was EasyJet, but despite this, they are still the biggest airline in the UK based on passenger numbers.
Thomas Cook currently flies to around 60 different airports, ranging from North America, the Caribbean Sea and India, as well as resorts across Europe and ski destinations in winter.
Thomas Cook Airlines is a very very old airline, currently being in service for an impressive 178 years.
However, they haven't been flying planes for that long, as it was only in the past 100 years planes where invented!
Since being written, Thomas Cook has failed to get money from the Government.
They're currently in a meeting with their biggest shareholder.
If this fails, there is a high chance they will go into administration.