Ryanair has launched legal action against BAA in an attempt to recover up to £175 million in fees it believes it incurred at Stansted Airport due to the “monopolistic” position of the airport operator. Also in the UK today, the Competition Commission has confirmed the final ruling on the merger of Thomas Cook, Co-operative Group and Midlands Co-operative Society has been delayed.

Travel agent Thomas Cook has confirmed it will extend its banking facilities while it undergoes a “fundamental review” of its activities. The bank facilities – which include a £200 million term loan and an £850 million revolving credit arrangement – were extended by one year to May 2014.

Thomas Cook has launched a “fundamental strategic and operational review” of its UK business as profits continue to fall. At the close of the third financial quarter the tour operator said profits were some £40 million behind levels recorded last year, with the impact of the ongoing disruption in the Middle East and difficult trading conditions in the UK to blame.

Some of the Europe’s most secluded and picturesque ports are now open to visitors thanks to the launch of P&O Cruises’ newest and smallest ship – Adonia.

Some of the Europe’s most secluded and picturesque ports are now open to visitors thanks to the launch of P&O Cruises’ newest and smallest ship – Adonia. Cruise Thomas Cook, the UK’s number one independent cruise retailer, navigates the brand new ports of call on the cruising charter for those seeking out the hidden gems of the Mediterranean.

London 2012 chairman Lord Coe has defended criticism of corporate ticket allocation after Thomas Cook began selling Olympics tickets at significantly inflated prices. The tour operator was allocated 300,000 tickets in return for a rumoured £20 million sponsorship deal, and has now started selling packages ranging up to £6,499.