Thomas Cook boss to 'consider' handing back £585,000 bonus | ITV News

Peter Fankhauser came armed with an apology.

The former chief executive of Thomas Cook was one of five former board members giving evidence to the Business, Energy and Industrial Strategy (BEIS) Committee.

He told MPs how "deeply sorry we are that we couldn't save this iconic brand" and apologised for the distress caused to millions of customers, suppliers who were "loyal to us throughout this time" and to employees who "worked extremely hard and tirelessly".

Mr Fankhauser agreed that Thomas Cook’s big problem was the mountain of debt the business was carrying.

They argued that plans to reduce it had been frustrated by last year’s heatwave and Brexit uncertainty which damaged bookings.

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