Joanna Wild has stepped down from her role of managing director of retail sales for Thomas Cook, according to reports. Wild, who previously held a number of roles for Thomas Cook Airlines, had been in the position as MD for two years.

UK-based tour operator Thomas Cook has cut the cost of some Olympic breaks as it struggles to generate sales. With just under four weeks to go until the Opening Ceremony, Thomas Cook has launched a four-day sale, with discounts of up to 50 per cent.

Struggling tour operator Thomas Cook has reported widening financial losses for the first half of financial 2012 as it battles to return to the black. The 171-year-old organisation lost a total of £328 million over the six months to March 31st, up 40 per cent from the figure of £233 million a year ago.

Thomas Cook has confirmed the sale of its 77 per cent stake in Thomas Cook India following an auction. Fairbridge Capital (Mauritius), a subsidiary of Fairfax Financial Holdings, will acquire the asset for £94 million. 

Manchester City were not the only ones celebrating the climax of the Premier League season yesterday, with Eithad Airways also sharing in the plaudits after a £400 million sponsorship deal with the club last year. As the celebrations subside, Breaking Travel News here takes a look at some of the other momentous deals which have married the interests of sport to the travel sector.

Thomas Cook has agreed a new £1.4 billion financing package with its lenders which will give the travel group longer to turn around its business.