I have had a little something to do with Thomas Cook in the past. I once did some traveling in Europe with their travelers checks. Otherwise I'm pretty ignorant as to how much of a historical fall is being charted with this news. The present
Thomas Cook Group is majority owned out of Germany. A few years ago the historical Thomas Cook & Son was acquired and became Thomas Cook Group.

It isn't so good to go suddenly and leave a lot of travelers in uncertain conditions while hedge funds are reaping the rewards of their big shorts.

I supposed this is a historical falling of a big name if nothing else.