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UK's 178-year-old travel giant Thomas Cook collapses, 22,000 left jobless

Triggers UK's biggest repatriation since World War II to bring home 6 lakh stranded passengers

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Passengers walk past the closed Thomas Cook check-in desks at London Gatwick Airport in Crawley on Monday. Pic/AFP

Passengers walk past the closed Thomas Cook check-in desks at London Gatwick Airport in Crawley on Monday. Pic/AFP

London: British travel firm Thomas Cook collapsed into bankruptcy on Monday, leaving some 600,000 holidaymakers stranded and sparking the UK's biggest repatriation since World War II. The 178-year-old debt-plagued group, which had struggled against fierce online competition for some time and blamed Brexit uncertainty for a recent drop in bookings, failed to secure 200 million pounds ($250 million, 227 million euros) from private investors and collapsed in the early hours.

Monday's bankruptcy, which followed a lengthy period of chronic financial turmoil after a disastrous 2007 merger deal, left some 600,000 tourists stranded worldwide, according to Thomas Cook, while its 22,000 employees — 9,000 of whom are in Britain — are now out of a job.

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