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

Doaa Salman and Dina Seiam ()
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Dina Seiam: October University for Modern Sciences and Arts, Cairo, Egypt
Authors registered in the RePEc Author Service: Doaa M. Salman Abdou

Economics & Law, 2020, vol. 2, issue 2, 14-23

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to discuss market failure of Thomas Cook and analyse the reasons behind the market failure of Thomas Cook Group and how outdated technology, having high debts, and did Brexit lead to its collapse.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 (search for similar items in EconPapers)
JEL-codes: F34 G33 Z32 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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http://el.swu.bg/ikonomika/volume-2-issue-2-2020/t ... ailure-is-it-brexit/ (text/html)

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Persistent link: https://EconPapers.repec.org/RePEc:neo:ecolaw:v:2:y:2020:i:2:p:14-23

DOI: 10.37708/el.swu.v2i2.2

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