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for mine travel agents are becoming a thing of the past too.
I'll either go direct (nearly always for airlines), or if using "cheapest deal search" websites for accomm prefer those that pass bookings straight through and let you interact directly with the ho/motel for payments / deposits.
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What I don't fully understand is how they can go bust before they have paid their bills (and hoteliers get paid 60 ~ 90 days after the guest has left) but they get fully paid by the holiday makers months in advance. So they know their income well in advance, they know their major outgoings well in advance, they have their own air fleet, ...
Sent from my Amstrad PC 1640
Never throw anything away, Griff
Bad command or file name. Bad, bad command! Sit! Stay! Staaaay...
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Perhaps the managers' bonuses were calculated at strategic times in the year (after receiving payment, but before paying their suppliers). This would tend to inflate the bonuses well above their justified level, based on an annualised calculation.
Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.
-- 6079 Smith W.
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Exactly what was going through my mind. They know the future operating cost of the planes, give or take to allow for fuel price charges. They know what the hotels will cost them when they sign the contract with the provider, they know their staff costs, airport charges etc. etc.
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Isn't that just what companies with financial difficult do though... pretend the problem doesn't exist. Carry on as usual and assume it will sort itself out.
Ever heard of a company saying: "Hey, we aren't doing well, we are going to close before we get into debt and can't afford to pay our bills"?
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It's largely the downward slide of Sterling that's caught them out. Currencies can move a long way in 90 days.
Whenever you find yourself on the side of the majority, it is time to pause and reflect. - Mark Twain
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Because they have been paying bills on future incomes.
So whenever those future incomes don't arrive anymore, because people are afraid to travel because, well, let's not go there. This isn't the soapbox.
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Do we not usually get a british travel firm collapse every year or every other year? I think it is traditional.
Do other countries travel companies not go bust? Never seem to hear about them if they do.
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I don't see the british ones in the news here. We certainly have our fair share. My guess is that your favourite search engine will produce a zillion hits on
travel agency collapse [insert country]
This caught my eye because Thos Cook was the archetype of a travel agent. Hell, I think I even bought some of their travellers cheques half a century ago.
And "Cooks Tour" entered the vernacular a good century ago.
Cheers,
Peter
Software rusts. Simon Stephenson, ca 1994. So does this signature. me, 2012
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"Cooks Tour" I never though of that, I always assumed it was something to do with Cooks going out to search for ingredients...well dang!
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Maybe "Crooks Tour" would be more appropriate 
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I don't think you can count it as British. German/Chinese maybe? 
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Story on non-UK website: fair and balanced reporting
Same story on the BBC: IT'S BECAUSE OF BREXIT!
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YAWN!
Take it to The Soapbox.
Whenever you find yourself on the side of the majority, it is time to pause and reflect. - Mark Twain
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Thomas Cook have been hanging on by their fingernails for sometime now..... They kept a large and expensive network of High Street shops when everyone else was moving online. They also operated on very slim margins.
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Yeah, on a later new bulletin they showed a graph of the share price for the last few years. Slippery slope...
Software rusts. Simon Stephenson, ca 1994. So does this signature. me, 2012
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Yay we won 
"We can't stop here - this is bat country" - Hunter S Thompson - RIP
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Who? Europe or The World? 
Sent from my Amstrad PC 1640
Never throw anything away, Griff
Bad command or file name. Bad, bad command! Sit! Stay! Staaaay...
AntiTwitter: @DalekDave is now a follower!
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You're in Europe, which even includes Cymru! But next year is anyone's guess!
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Wales will still be in Europe next year. It may not be in the EU.
Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.
-- 6079 Smith W.
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A tennis competition between Europe and the rest of the world in honour of Rod Laver
"We can't stop here - this is bat country" - Hunter S Thompson - RIP
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ok, wh... nah, you lost me at I lost interest at "tennis"
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It's either very hot[^], or made of seaweed[^]
Sent from my Amstrad PC 1640
Never throw anything away, Griff
Bad command or file name. Bad, bad command! Sit! Stay! Staaaay...
AntiTwitter: @DalekDave is now a follower!
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