Articles tagged “thomas cook”

Each airline failure, of course, includes a number of problems related to the specific business. In Europe, at least at the moment, many of the smaller players that found they could once eke out a living on the edge of the market are no longer able to do so.

Thomas Cook's collapse was a disaster played out in slow motion. An ill-fated acquisition spree, a bloated retail footprint, and a commoditized product left it unable to deal with changes in consumer behavior and economic shocks.

Some travel companies — Ebix among others — are rumored to be considering taking over all of the cash-strapped Cox & Kings.

Thomas Cook Group may have caved in, but in China and India, the companies that bear the name are profitable. Why?

Debt-addled Cox & Kings appears to be teetering on the brink of collapse. It has closed its Australia/New Zealand operations. Virtuoso has severed ties with it — and a rescue does not look imminent.

Thomas Cook wasn't just a UK business: It had operations across Europe, some of which were pretty profitable. They're now in a race against time to secure their future and find new owners.

Expedia, Webjet, and On the Beach all had exposure to Thomas Cook, but given their size they can probably handle it. It's the smaller tour operators and travel agents that will be the hardest hit.

The bankruptcy and liquidation of Thomas Cook is a monumental blow to the travel industry. The collapse of the company will continue to have ripple effects across the industry for a long time to come.

Closing islands for a rehab seems fashionable in Southeast Asia. It shouldn’t be. Authorities must first assess options carefully, and by no means should premature announcements be made. Just look at the Komodo Island example and the wrong messages Indonesia has sent about one of its most unique tourism assets.

Thomas Cook's chances of escaping its current financial mess still rest in the hands of Fosun and its creditors. While Wednesday's announcement is good news for travelers and the company's employees, there are still a number of hurdles to clear.