Like several other tour operators Thomas Cook failed to adapt to a changing market. Who goes to a travel agent when the same can be done online ?
Blaming Brexit is a cop out. What should be looked at is the fat cats profiting from a failing business model.
Thomas Cook simply follows on the heels of Monarch who went bust a couple of years ago this year Superbreak and LateRooms announced they had gone into administration.
Thomas Cook has experienced problems for some time, long before the EU Referendum was even announced. Thomas Cook can be said to have faced problems from four fronts - those being financial, social, political and meteorological.


    Weather issues, volcano eruptions and other meteorological events have impacted the bottom line
    The rise of budget airlines and online travel agents have increased competition in the market.
    Social trends have also been changing, with more Britons booking flights and holidays separately, rather than through package holiday providers such as Thomas Cook.
    Thomas Cook has also had to adapt to changing political climates in the UK and around the world - for example, terrorist attacks. .