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The Lessons Learned From Thomas Cook Failure. Is It Brexit?

Author

Listed:
  • DOAA SALMAN

    (October University for Modern Sciences and Arts, Cairo, Egypt)

  • DINA SEIAM

    (October University for Modern Sciences and Arts, Cairo, Egypt)

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to discuss market failure of Thomas Cook and analyse the reasons behind the market failure of Thomas Cook Group and how outdated technology, having high debts, and did Brexit lead to its collapse.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.

Suggested Citation

  • Doaa Salman & Dina Seiam, 2020. "The Lessons Learned From Thomas Cook Failure. Is It Brexit?," Economics & Law, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 2(2), pages 14-23.
    • Handle: RePEc:neo:ecolaw:v:2:y:2020:i:2:p:14-23
    DOI: 10.37708/el.swu.v2i2.2
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    References listed on IDEAS

    as
    1. Joe Wallis & Brian Dollery, 1999. "Market Failure, Government Failure, Leadership and Public Policy," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-37296-2.
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    Cited by:

    1. Doaa M Salman Abdou & Ranim Hussein, 2020. "How fear of change, lack of innovation led to Nokia’s failure?," International Journal of Business Ecosystem & Strategy (2687-2293), Bussecon International Academy, vol. 2(4), pages 43-48, October.

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    More about this item

    Keywords

    debt problems; bankruptcy; tourism;
    All these keywords.

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development

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