What's to blame for Thomas Cook's collapse? Mostly its debt | Curio
News and insights read out for you.
10,000+ audio articles. 50+ world-leading publications.

All in 1 subscription.

The Guardian logo

What's to blame for Thomas Cook's collapse? Mostly its debt

7 mins | Sep 30, 2019
story image
Bad management? The banks? Brexit? Once champions of the all-inclusive holiday, in 2019 Thomas Cook collapsed: stranding hundreds of thousands of holidaymakers and writing off millions of pounds of unpaid debt. But why did Thomas Cook go bust? Nils Pratley writing in the Guardian investigates.
Get unlimited access free for 7 days, then $6.67/month (billed annually)
Get started