The package holiday giant, Thomas Cook, has collapsed after last-ditch attempts to save the company failed.

The UK Civil Aviation Authority (CAA) said the tour operator has “ceased trading with immediate effect”, putting more than 20,000 jobs at risk worldwide and triggering the biggest ever peacetime repatriation.

More than 150,000 British holidaymakers need to be brought home, with the government and CAA hiring dozens of charter planes to fly customers home free of charge.

This is the moment the emotional staff of Thomas Cook, thanked all their customers.

Thomas Cook announcement it has gone into liquidation “a truly sad day” 22/09/2019 Cancun to Manchester

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