Could Thomas Cook go bust?

The Motley Fool
Thomas Cook
Thomas Cook

It looked as if Thomas Cook was going to make it through the winter, after announcing last month that it had secured a £100m credit arrangement with its banks to tide it over until next year's bookings started to roll in.

But that's all up in the air again, after the beleaguered high-street travel agent revealed that it has gone back to the banks to try to borrow more money -- and that the firm's full-year results will be delayed until it has completed its current round of begging.