The Guardian view on Thomas Cook: wiped out by debt | Editorial

That the oldest holiday company in the world has gone bust is a cause for anger as well as regret – and a grim portent of what lies aheadThe collapse of Thomas Cook, the world’s oldest holiday company, is most obviously a disaster for its 21,000 European employees – 9,000 of whom work in the UK. It may also prove fatal for some of the hotels and other businesses that relied on it for customers. And while having a holiday ruined is not as bad as losing a job, the inconvenience f