Peterborough-based Thomas Cook slumped to a £590 million loss in its last financial year and is working on plans to slash costs.
As well as shutting stores, the UK's second-biggest travel company has trimmed its airline fleet and sold off hotels after it was forced to turn to its banks for an additional £200 million of loans in 2011.
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Police have tweeted pictures of a lorry crash on the A1(M) near Peterborough
Remaining very windy with gales. Rain soon clearing, with sunny intervals developing.
Outbreaks of rain, sometimes heavy, will soon clear. Sunshine and scattered showers will follow. Mainly dry later.