Thomas Cook chief executive Manny Fontenla-Novoa has predicted that up to 15 more UK travel companies could go bust in the next three months. Speaking at a media briefing in London, he said companies which do not have back up banking facilities in place will struggle to survive in the current climate. "If they can survive the next three months they will be okay, but these next three months are crucial," he said. He said airlines were among those at risk of failure in the current climate. "There is no question it is a tough market," he said. "But we at Thomas Cook are in pretty good shape going forward."
