The demise of Thomas Cook

Saddened to see the demise of Thomas Cook – a firm that had been providing holidays for 178 years.

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Thomas Cook was the pioneer of organised travel and has been such a strong force in the travel industry.

It’s upsetting to see so many people lose their jobs and thousands of holidaymakers affected by disrupted travel.

The drop in the pound following the referendum put even more pressure on the struggling business, which has been saddled with large debt for a number of years. A large proportion of the travel industry costs are in dollars – for example fuel maintenance and airplane leasing. With the weaker pound, the cost of everything has skyrocketed. For Thomas Cook, this has proved terminal.

Our wonderful teams at Virgin Atlantic will do all they can to find people jobs and bring stranded people home.

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