Thomas Cook collapses as last-ditch rescue talks fail

[Eugene]

Source: BBC

Thomas Cook collapses as last-ditch rescue talks fail

23 September 2019



Thomas Cook has collapsed after last-minute negotiations aimed at saving the holiday firm failed.

The UK Civil Aviation Authority (CAA) said the tour operator has "ceased trading with immediate effect".

It has also triggered the biggest ever peacetime repatriation aimed at bringing more than 150,000 British holidaymakers home.

Peter Fankhauser, Thomas Cook's chief executive, said the firm's collapse was a "matter of profound regret".

The tour operator's failure puts 22,000 jobs at risk worldwide, including 9,000 in the UK.

-snip-

Read more: https://www.bbc.com/news/business-49791249

[mahatmakanejeeves]

1. Wow. I went to Europe with Thomas Cook traveler's checks. Or cheques.

That was a while ago. At that time, I was acquiring their Continental and International railroad timetables, which a nearby library gave me when the new copies came in.

Who would have guessed?

[dawg day]

3. Yeah, ATMs and credit cards doomed the the traveler check

Travelling is so much easier now!

[greatauntoftriplets]

2. How sad.

They've been around forever.

[elleng]

4. Yes, the OLDEST travel agency.