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.
More top news
Occasionally sunny with wintry showers.
Turning colder, with sunny spells and wintry showers.
A pensioner critically injured by a falling tree during Storm Doris has died in hospital, West Mercia Police have said.