Brexit

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JRPGfan said:

Peh said:
Brexit chaos takes it first big victime. Thomas Cook went bankrupt.

https://simpleflying.com/thomas-cook-goes-bankrupt/

I think brexit at most, just caused investors to rethink pooring funding into a rescue plan.

Though what really caused it was just tough competition in the travel space.
There goes supposedly one of the oldest "travel company's" in the world, its been around for 178+ years.

Thomas Cook wasn't in best condition before Brexit for sure. I mean, it had already narrowly avoided bankruptcy 10 years ago. But things were looking up after that until Brexit, which devaluated the british pound, and as a result, made travels more expensive for British people, their main customers, which in turn traveled less than before. The debt it racked up in the past finally was getting too much as the income dried up to pay that debt.