THE LESSONS LEARNED FROM THOMAS COOK FAILURE. IS IT BREXIT?

 

THE LESSONS LEARNED FROM THOMAS COOK FAILURE. IS IT BREXIT?

Doaa Salman
Dina Seiam

Abstract

The aim of this research paper is to discuss market failure of Thomas Cook and analyse the reasons behind the market failure of Thomas Cook Group and how outdated technology, having high debts and did Brexit lead to its collapse. Further on analysis of the reasons for failure supported by literature review across different economic schools has been elaborated. The paper provides clarification to the characteristics of the airlines and their entry barriers taking into consideration the tour operator. Further, it is described how Thomas Cook collapse affected Africa and Europe. Lastly, the conclusion is about the losses occurred in Thomas Cook Company, how other firms can avoid failure and the direct negative impact of the BREXIT on the company.

Keywords: debt problems, bankruptcy, tourism

JEL Codes: F34, G33, Z32

DOI: 10.37708/el.swu.v2i2.2

CITE AS:

Salman, D., & Seiam, D. (2020). The lessons learned from Thomas Cook failure. Is it Brexit? Economics & Law, 2(2), 14-23. DOI: 10.37708/el.swu.v2i2.2
Salman, Doaa, and Dina Seiam. "The lessons learned from Thomas Cook failure. Is it Brexit?." Economics & Law 2, no. 2 (December 2020): 14-23. DOI: 10.37708/el.swu.v2i2.2
Salman, D. and Seiam, D. (2020) 'The lessons learned from Thomas Cook failure. Is it Brexit'?, Economics & Law, 2(2) [online]. Available at: DOI: 10.37708/el.swu.v2i2.2
Salman, Doaa, and Dina Seiam. "The lessons learned from Thomas Cook failure. Is it Brexit?". Economics & Law, vol. 2, no. 2, December 2020, pp. 14-23. DOI: 10.37708/el.swu.v2i2.2

THE LESSONS LEARNED FROM THOMAS COOK FAILURE. IS IT BREXIT?

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