Debts are soaring at Thomas Cook, but the stricken travel operator insists it has a bright future.

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James Moore: Safe to fly Thomas Cook again after year of turmoil

Here are some figures that ought to scare you a little, if you happen to have taken out a package holiday with Thomas Cook. Last year, despite its well publicised problems, the tour operator's UK arm generated sales of £2.35bn. At the same time, the Air Travel Organisers' Licensing (ATOL) fund to protect those who would otherwise be left high and dry in the event of a holiday company going bust was (at the beginning of 2011) £42m in deficit.

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Outlook Here are some figures that ought to scare you a little, if you happen to have taken out a package holiday with Thomas Cook. Last year, despite its well publicised problems, the tour operator's UK arm generated sales of £2.35bn. At the same time, the Air Travel Organisers' Licensing (ATOL) fund to protect those who would otherwise be left high and dry in the event of a holiday company going bust was (at the beginning of 2011) £42m in deficit.

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