Thomas Cook began operations in 1841 with a one-day train excursion. (Luke MacGregor/Reuters)

Thomas Cook, the iconic travel company, is no more

The staples remain: Big Ben, Westminster Abby, The Tower of London.

But for many today, it may seem that London Bridge finally fell down.

Or, Bow Bells stopped ringing.

Or, those changing guards at Buckingham Palace decided to take a powder.

Thomas Cook announced Monday it was bankrupt, leaving 600,000 tourists stranded around the world. (Phil Noble/Reuters)

Thomas Cook, a kissin’ cousin of those famous landmarks–is no more.

On Monday, the 178-year-old company, the world’s oldest travel firm, declared bankruptcy.

“Despite considerable efforts,” a statement said, it was unable to raise the money to stay in business.

Some 600,000 tourists are now stranded worldwide.

Repatriation efforts to bring home 150,000 British tourists were set to begin Monday and take two weeks.

Thomas Cook failed over the weekend in last-ditch efforts to save the company, which was operating in 16 countries, but ran into financial problems over the past several years. (Paul Hanna/Reuters)

Global Affairs Canada says it has no reports of any Canadian citizens being affected by the collapse.

(It adds that Canadian citizens requiring emergency consular assistance should contact Global Affairs Canada’s 24/7 Emergency Watch and Response Centre in Ottawa at +1 613 996 8885 (collect calls are accepted where available). An email can also be sent to

Fierce online competition and what the company said was Brexit uncertainty resulted in fewer bookings, pushing the company to increase efforts to find new financing in recent months.

A last-ditch effort to raise £200 million ($331 million Cdn) over the weekend failed.

Most stranded customers are protected by a government-run insurance program.

Employees will not be as lucky: 21,000 workers in 16 countries, including 9,000 in the UK, will lose their jobs.

Thomas Cook began in 1841 with a one-day train excursion in England.

With files from CBC, Reuters, AP, CP, CTV, Financial Post

Categories: International

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