[Bugsy]

Whilst I understand your reasoning and you’ve actually saved money which is great. Thomas cook should weather this storm in the short to medium term.

They have reasonable liquidity holding more than £200m ( held £150m to 200m in the winter and it’s strengthened since - May 7).

The 1.45bn loss included an accounting mark down on the purchase of MyTravel. The actual loss was closer to £300m which is similar to the liquidity so workable.

The CitiGroup announcement is to be expected . Hedge funds holding short positions are going to want the share price to drop.

I have flights booked for 30/6/19 and although the situation does make me nervous , the accounting ratios that I could find , whilst not great, don’t look like a company imminently about to collapse. They will need to sell the airline and probably close a lot more stores as well though