Michael O’Leary, chief executive of Ryanair, said that the collapse of Thomas Cook showed that the traditional model for tour operators was over Pablo Blazquez Dominguez/GettyThe boss of Ryanair believes that the package holiday market and the model of the traditional tour operators are finished after the collapse of Thomas Cook. Michael O’Leary, chief executive of Europe’s largest short-haul airline, said at a conference in London: “The package market I think is screwed. It’s over.”He likened the decline of tour operators to “whoever was making shoes for horses” before the motor car replaced horse-drawn carriages. That will happen with tour operators here in Europe,” he said. Thomas Cook, a company that originated in Victorian times, collapsed last week leaving 150,000 customers on holidays in need of repatriating under a scheme marshalled by the Civil Aviation…

Source: The Times October 01, 2019 23:03 UTC