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Summary


As schools break up for summer across Britain, leading tour operators have far more short-haul holidays to sell than usual at the start of the peak season, including tens of thousands of packages at massively discounted prices.

The crisis in the travel industry was revealed last week by the third profit warning in a year from Thomas Cook, one of the "big two" tour operators.

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Extract


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Its share price crashed as chief executive Manny Fontenla-Novoa admitted: We are facing a couple of headwinds unique to us.

One of those is the collapse...

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