Neckermann bankruptcy another blow

Eurowings was one of these airlines, Condor was the other, despite it being a Thomas Cook subsidiary. Condor, still operational and now having received financial support from the German government, is otherwise involved in repatriating German tourists in Majorca. The flights that were affected from Monday were from Düsseldorf, Frankfurt, Hamburg, Hannover, Leipzig, Munich and Stuttgart.

The Majorca Hoteliers Federation reacted to Neckermann's announcement by describing it as "a serious blow to the island's business and tourism interests". Hoteliers note that the summer season hasn't gone particularly well in any event, but that they now need to avoid as much as possible negative repercussions arising from the Thomas Cook collapse.

It is understood that some hotels in Majorca are looking at closing early for the season, i.e. by the end of this month. The support for Condor has, however, come as something of a relief. A bridging loan of 400 million euros is to be made available to the airline, which is a profitable concern, under an agreement between the federal government and the state government in Hesse.