Hundreds of thousands of travelers were stranded across the world Monday after British tour company Thomas Cook collapsed, immediately halting almost all its flights and hotel services and laying off all its employees
1 / 8Britain Thomas CookA Thomas Cook plane on the tarmac at Gatwick Airport in Sussex, England Monday Sept. 23, 2019. British tour company Thomas Cook collapsed early Monday after failing to secure emergency funding, leaving tens of thousands of vacationers stranded abroad. LONDON — .
The British government said it was taking charge of getting the firm's 150,000 U.K.-based customers back home from vacation spots across the globe, the largest repatriation effort in the country's peacetime history. The process began Monday and officials warned of delays. Thomas Cook also still owned almost 600 travel shops on major streets in Britain as well as 200 hotels, adding real estate costs to its crushing debt burden.
The company had said Friday it was seeking 200 million pounds to avoid going bust and held talks over the weekend with shareholders and creditors in an attempt to stave off collapse. Julie Robsson, a 58-year-old retiree from Yorkshire, was among those waiting Monday on the Spanish island of Mallorca for a replacement flight to Manchester, England.
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