Shares in tour operator Thomas Cook (TCG) are down 5.4% to 114.5p as the UK cancels flights to and out of the Egyptian resort of Sharm el Sheikh following suggestions the Russian aircraft crash on Saturday could have been caused by a bomb.
Thomas Cook says it has cancelled its flight and holiday programme to Sharm el Sheikh up to and including 12 November.
It’s another blow for the £1.9 billion cap after a report on Monday said it had prioritised cuts over customers and still needs to address safety issues nine years after two children died from carbon monoxide poisoning at a hotel booked through the travel company.
The group was hit by the terrorist attack in Tunisia in June and its trading statement on 24 September warned of challenging conditions in Continental Europe and significant foreign exchange headwinds.
Shares in Thomas Cook are down 10% so far this year.
