Thomas Cook looks to merge airline units

Thomas Cook will review the future of its airline business as chief executive Harriet Green unveiled plans to consolidate the existing four airlines into one entity. Green would not rule out the disposal of all or part of the airline business. “Does Thomas Cook need to have an airline in the future?” she said. “We have options. We are reviewing whether we should continue with the airlines that we have.” Thomas Cook confirmed that a review of its capital structure could result in a future share placing.