The underfire boss of Thomas Cook has said that he deeply sorry’ for the collapse of the travel firm but he also insists he’s no ‘fat cat’

Peter Fankhauser says around half of the £8m he had received since becoming chief executive in 2014 was in now worthless shares.

He told the Mail on Sunday that he had tried his absolute best” to save the 178-year-old tour operator.

”And I understand all the anger, all the disappointment of my colleagues.I understand all that. But I gave everything not to be in this situation.”

The firm failed a week ago leaving an estimated 150,000 holiday makers stranded abroad and leaving 9,000 people, 3,000 estimated across Greater Manchester without a job.

Describing himself as “devastated” about the collapse, Mr Fankhauser added: “You ask me how I feel? Desperate. And deeply sorry.

“I’m grateful for the loyalty of customers. And I feel deeply, deeply sorry that they suffered this crisis. I can’t say more than that.

“I can just tell them I tried everything for this company.”



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