The company said the coronavirus pandemic had led to an “abrupt” decline in bookings.
Economist Nouriel Roubini – “Dr Doom” – has warned of a prolonged downturn and sluggish recovery.
More than 64,000 bookings have been cancelled due to the collapse of Specialist Leisure Group.
African firms tell the BBC how they are solving problems caused by the coronavirus pandemic.
The firm has started working with restaurants to deliver meals in parts of Bengaluru.
Manchester United say the coronavirus pandemic has cost them an initial £28m – and expect the final figure to be far higher.
The Chancellor is believed to be discussing ways of extending the three month mortgage holiday.
The German car giant has apologised and withdrawn a series of adverts after a racism row.
The attack was “sophisticated” the airline said, adding that some credit card details had been accessed.
Chancellor Sunak says a swift UK economic recovery is “not obvious”, as jobless claims soar in April.