Thomas Cook Bankruptcy

Thomas Cook.

Thomas Cook Bankruptcy: Losses (and opportunities) for the Spanish tourism sector

Ana Fuentes | On Sunday, hours before the giant Thomas Cook announced his bankruptcy, several Spanish businessmen in the tourism sector tried to avoid the fall of the British operator with an injection of 107 million. It was not enough. The Spanish employer Exceltur estimates the losses at 200 million euros and thousands of jobs are at risk. Direct competitors such as Tui, shareholder of the Riu Group, AIG and Internet platforms, however, will benefit.