Thomas Cook Group

Happy Halloween! It is the perfect time to share horror stories. This year, the travel industry suffered a number of events. Below are the five events in travel that spooked everyone in the industry.

The UK Civil Aviation Authority confirms that of the 1,283 Air Travel Organiser’s Licence (ATOLs) that originally expired on 30 September 2019, 1,182 have been granted. This announcement comes after it was confirmed the ATOL renewals process would be extended until 25 October 2019. This was to enable ATOL holders affected by the failure of […]

Thomas Cook employees were in tears on the dawn of 23 September when they received the news that the UK’s oldest airline and holiday package provider with 178 years of history went under. The collapse left 21,000 people out of job – with NO PAY!

Thomas Cook Group, one of the oldest travel firms and once considered as a pillar in the industry, has entered compulsory liquidation effective immediately. All of its flights and tours were all cancelled leaving hundreds of thousands of customers and employees in limbo.

Following the news of a proposed rescue deal from its largest shareholder, Fosun Tourism Group, and its CEO’s less than optimistic comments on job security, the  Thomas Cook share took tumble this week. The deal which would see the beleaguered travel agent seek injection of GBP 750 million (USD 934 million) of new money which would […]