The 178-year-old company ended operations early Monday — stranding hundreds of thousands of travellers — after a raft of challenges that included shifting travel habits, the rise of online booking sites and a 1.6 billion-pound pile of debt.
The fact that Thomas Cook and Cox & Kings have faced financial troubles at the same time raises wider questions about the state of the travel industry. Mr Turner said the fact that the two collapses happened within the space of a few days was just coincidental. As for the local tour operators who have faced trouble, he said,"We don't know what the reason behind the collapse is."
Yes
Should have died 15 years ago..There's a lot of dumb-dumbs out there.
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