walkitout: (Default)
[personal profile] walkitout
I do not do package tours. However, I recognize that for a lot of people, they make sense: they simplify things, make it easier for large groups to travel together, ensure a minimum standard that can be difficult to manage at the same price independently, etc. But wow, Thomas Cook going under and leaving a lot of people stranded is a helluva thing. There is insurance (ATOL, I know nothing about it), so that is something.

But I cannot help but wonder what it all means. Is this the first of a wave of Brexit related collapses? Is this another in a line of travel companies suffering from global competition? Is this what happens when the government says, we will not help you out with emergency funding (even tho perhaps that would have been cheaper than NOT helping out? We will not really know until later, if ever)? I expect a tsunami of coverage in the next few days.

Date: 2019-09-25 06:15 pm (UTC)
ethelmay: (Default)
From: [personal profile] ethelmay
I suspect Thomas Cook was going under anyway, but Brexit sure didn't help. I have no idea how companies like this that have such complicated far-reaching operations are supposed to fail, but presumably not catastrophically.

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