Thomas Cook, easyJet & TUI have all experienced “turbulent” times amid Brexit uncertainty (Image: Getty Images)
Thomas Cook, easyJet and TUI have all recently announced losses, but how does this affects passengers who have flights and holidays booked with the travel firms? This is the latest travel advice. Shares in the high-street travel giant Thomas Cook plunged by almost 40 per cent two weeks ago and a £1.5 billion pre-tax half-year loss announced. Thomas Cook's tour operations and airline are currently worth £738million. The firm blamed Brexit for a drop in profits. Budget airline easyJet also posted plunging profits - a loss before tax of £272million.
Thomas Cook, easyJet & TUI: How to protect flights and holidays amid ‘turbulent’ times
It said Brexit, increased fuel costs and the Gatwick drone incident which caused the carrier to lose millions between October and March are to blame.
However, easyJet's CEO noted that “easyJet has the strongest balance sheet in aviation”.
Despite the news, easyJet has said it would go on to meet its profit expectations in 2019.
Tui also announced some losses in their half-year reports this month, but, as with easyJet, said these were in line with expectations.
Nevertheless, holidaymakers are worried about how these losses will affect them - with many contacting Thomas Cook on social media to ask what will happen.
Thomas Cook, easyJet & TUI: Holidaymakers are worried about how these losses will affect them (Image: Getty Images)
According to MoneySuperMarket, the travel giant has reassured customers their trips are safe and that it’s taken steps to strengthen its financial position.
But for those who are worried, the consumer site has advised travellers on how best to protect themselves.
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