Harriet Green, who took the helm in July, has wasted no time in slashing the bloated cost base left behind from the calamitous tenure of former chief executive Manny Fontenla Novoa. Thomas Cook nearly collapsed in late 2011 under its previous 1bn plus debt mountain. But Ms Green's action has seen the group's debts slashed, trading improve and its shares recover hugely from a lowly 14.3p in July..

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