Hundreds of thousands of travelers stranded by tour operator Thomas Cook

Source: Michael Wogelenter, N.Y.Times (Paid Registration)

The tour operator and airline Thomas Cook said that it had collapsed, forcing hundreds of thousands of travelers to scramble to find a way home, after last-minute negotiations to obtain necessary financing for the debt-ridden company fell apart.

The liquidation of the world’s oldest travel company, which specialized in low-cost package holidays that included flights and accommodation in more than 60 destinations around the world, has set in motion what was being described as the biggest peacetime repatriation in British history, as the government announced plans to bring back 150,000 Britons.

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