Thomas Cook Group, the oldest travel company in the world and the “oldest travel agency in the world”, filed for bankruptcy on the 23rd in London. As individuals arranged for travel online, their business performance deteriorated and they had huge debts. The British government has decided to cancel all airline tickets and itineraries arranged by the company, and has embarked on about 150,000 returnees using the company in the UK.
According to Western media, it affects about 600,000 tourists worldwide. The UK Civil Aviation Administration (CAA) announced that it will prepare an alternative flight until October 6th for the return of its passengers abroad.
Established in 1841 by Thomas Cook, who is considered to be the ancestor of modern tourism. According to the company, the company has about 21,000 employees and responded to about 22 million customers worldwide. He specializes in the planning of pack trips and also manages hotels and airlines. However, in addition to the rise of travel agencies specializing in internet, business performance deteriorated as individuals rented and borrowed accommodation directly. The airline industry also struggled due to competition from cheap airlines.
Debt swells, and after this summer, big stocks…
