The ongoing jitters around Thomas Cook’s sliding share price has brought into the view the sort of nightmare scenario that would occur should one of Europe’s largest tour operators collapse.
The holiday company founded in 1841 has issued two profit warnings in as many months and subsequently watched its value plummet. Though Thomas Cook may be deemed ‘too big to fail’ when it comes to tour operators, and is currently battling to reassure investors that its slump is temporary, its struggles should remind holidaymakers of the need to be aware of how and by whom their trip is protected.
What has happened to Thomas Cook?
The world’s first tour operator, and the UK’s third largest, said its summer…