THOMAS COOK has reassured customers that their holidays are safe after concerns grew over the future of the travel giant.

Last week it was reported that the company’s shares plunged by 40% and that they suffered a £1.5bn loss.

Bank, Citigroup stated the shares were “worthless” amidst fears they could go bust.

Thomas Cook have called for calm and are reassuring customers that they will continue to provide holidays.

The travel firm provides flights, hotels and holiday packages both from retail stores and online.

They currently operate flights out of Glasgow Airport where many will soon be jetting off on their summer holidays.

Ayr’s Alloway Street branch shared CEO Peter Fankhauser’s interview with a national newspaper on their Facebook page.

The post read: “After recent media speculation, we know that many of you have questions. Here’s our CEO Peter Fankhauser with a message of reassurance.”

One customer commented on the post and said they were worried after they had booked a holiday to Turkey in September.

A spokesperson for Thomas Cook said: “Thomas Cook is one of the best-known travel brands in the UK. We’re responsible for taking over 20 million people abroad on holiday every year and we take that responsibility very seriously.

“We have taken a number of proactive steps in recent months to strengthen our financial position. “We have the support of our lending banks and major shareholders, and just last week we agreed additional funding for our coming winter cash low period.

“We have ample resources to operate our business and at the same time, as usual, our liquidity position continues to strengthen into the summer period.”

“As an ATOL-protected business, all of our holidays are protected under the package travel directive, so our customers can have complete confidence in booking their holiday with us.

“We’re looking forward to the summer season with 20 new own-brand hotels openings and some great offers for customers.”