We shouldn't be too sceptical about rescue of Thomas Cook shops

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Hays Travel was vague on details but its debt-free status shows it’s clearly doing something right

The package holiday market is dead and nobody under 40 goes to a travel agent, declared Michael O’Leary after the failure of Thomas Cook. So one must assume the Ryanair boss would diagnose an extreme case of naïvety at Hays Travel, the Sunderland-based, family-owned firm that has emerged as the surprise rescuer of 555 Thomas Cook shops and the willing re-employer of up to 2,500 staff.

 

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Some patronising opinions about Hays Travel in this story. The key factor being missed is that Thomas Cook stores pushed Thomas Cook holidays, rendering them uncompetitive. Independents such as Hays offer whole-market coverage, ergo they are more sustainable. NilsPratley

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