Iain Dale 7pm - 10pm
Thomas Cook Live: 150,000 British holidaymakers face holiday nightmares
23 September 2019, 08:17
The tour operator Thomas Cook has ceased trading with immediate effect after failing in a final bid to secure a rescue package from creditors.
More than 150,000 British holidaymakers are currently abroad and will need to be repatriated as a result of the 178-year-old firm's collapse, the Civil Aviation Authority said.
The CAA said in a statement: "All Thomas Cook bookings, including flights and holidays, have now been cancelled. There are currently more than 150,000 Thomas Cook customers abroad, almost twice the number that were repatriated following the failure of Monarch.
"We know that a company with such long-standing history ceasing trading will be very distressing for its customers and employees and our thoughts are with everyone affected by this news."
The group's four airlines will be grounded and its 21,000 employees in 16 countries, including 9,000 in the UK, will be left unemployed.
Check out our live blog below for the latest.