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Thomas Cook was known for providing affordable all-inclusive travel packages. Over time, the company had grown to serve 20 million customers a year with its 200 hotels and fleet of over 100 airplanes. But after 178 years of operations, it declared bankruptcy in September 2019, leaving 600,000 travelers stranded and 21,000 employees jobless. Let’s take a look at what happened. The company certainly did not go under out of the blue. Over the years, several signs were foretelling their downfall.

In 2011, Thomas Cook was hanging on by a thread. The company had delayed its financial results and was asking…

Startup Sapience

Startup Sapience is a documentary web series that explores the business models of promising startups and industry trends.

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