Holiday and tour operator Thomas Cook has posted record losses of £1.46bn, which the company partly blames on the uncertainty created by Brexit.
Shares are now trading at 21% lower as a result of the significant market loss.
The company has already shut 21 stores across Britain, and it’s now revising its forecast for the crucial summer period.
Thomas Cook’s rival TUI has also warned of ‘challenging’ conditions and a slump in customer confidence because of Brexit.