History
2019: Liquidation of the company
On September 23, 2019 the oldest tourist operator of the world Thomas Cook announced liquidation and the termination of activity after unsuccessful negotiations with creditors. The company stopped all flights, cancels rounds and armorings.
Thomas Cook faced problems because of the competition from online services, changes in the tourist market and political instability in the different countries. These difficulties led up to $2.1 billion to growth of debts.
The British Department of Civil Aviation (Civil Aviation Authority, CAA) said that the citizens who got stuck abroad after liquidation of tour operator of Thomas Cook will be able to come back home within two weeks. By September 30 will start special service for receiving compensations.
According to Reuters, by September, 2019 Thomas Cook about 19 million clients from 16 countries, all are located 600,000 people abroad.
In Russia Thomas Cook owns tour operator Intourist. Thomas Cook crash will not affect activity of Intourist, assured the management of the Russian company.[1]]
2016: Activity indicators
Thomas Cook Group – one of the world's largest groups of the sphere of tourism which sales made £7.8 billion according to the results of the financial year which ended on September 30, 2015. In Thomas Cook 21,813 employees work, the company conducts activity in 15 key markets where takes 1-2 place (on profit). The shares Thomas Cook Group are traded at the London Stock Exchange (TCG) exchange.
Notes
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