Thomas Cook shares hit turbulence as Sharm el-Sheikh flights cancelled

The travel company has had a run of misfortune in the Middle East this year.

by Rachel Savage
Credit: Marc Ryckaert
Credit: Marc Ryckaert

Although accidents, natural disasters and geopolitical rumblings are hazards of the job, so to speak, for a holiday company, you can’t deny Thomas Cook has had a pretty bad run of luck recently.

The company has cancelled all flights and holidays to Sharm el-Sheikh until November 12th, after the UK government grounded flights to the Egyptian resort today.

Foreign secretary Philip Hammond said intelligence suggested there was a ‘significant possibility’ an on-board bomb caused a Russian plane flying from Sharm to crash on Saturday, killing 224 people. A US official told AP news agency their ‘tentative conclusion’ was that an affiliate of IS in the Sinai Peninsula had planted the device.

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