300-million-euro plan launched on Spain's islands to smooth the effects of the Thomas Cook crash

Passengers at Palma airport last month after the firm crashed.
Passengers at Palma airport last month after the firm crashed. / EFE
  • Andalucía's coastal resorts are not expected to benefit from the economic stimulus that will include reduced airport taxes

The government is due to approve today, 11 October, a 300-million-euro package of emergency measures to soften the effects of the collapse of Thomas Cook on the country's tourism industry.

The Balearics and the Canaries were especially reliant on the bankrupt tour operator and the aid will be aimed at those destinations. In the coming winter season, 700,000 Thomas Cook holidaymakers from across Europe were expected on these two groups of islands (300,000 on the Balearics and 400,000 in the Canaries).

The government's emergency scheme will aim to improve air routes, help companies and the self-employed sustain their cash flow, keep people in work and promote these destinations more.

The thirteen measures include reduced airport taxes over the winter months for new flights that are laid on after the Thomas Cook collapse, as well as financial credits and a reduction in social security quotas paid. Flights between the islands and the Spanish mainland will also be subsidised more than now.

Anger in Andalucía

However the tourism industry in Andalucía has been angered by the move as it says it discriminates. Almeria and the Costa del Sol were two of Thomas Cook's main winter sun destinations as well but are not expected to benefit from the government's initiative.