Thomas Cook was not a classic American-style travel agency, separate from the airlines; their specialty was all-in-one package trips, largely on chartered aircr

Thomas Cook was not a classic American-style travel agency, separate from the airlines; their specialty was all-in-one package trips, largely on chartered aircraft and with leased hotel rooms, etc. So, for the American context, think of what happened when ATA Airlines went bankrupt: 10k people were stranded, most of whom had to pay for new tickets to get home on an airline that hadn't declared bankruptcy with planes in the air.