Two months ago I wrote a report about Thomas Cook’s impending failure. Experts argued. Too bad, people who did not listen lost a lot.
For years it led the way in air travel innovation, inventing the frequent flyer program, designing the world’s first computer reservation system and filling up its empty seats with the discount Super Saver Fare. But this week’s news that American Airlines have filed for a Chapter 11 bankruptcy reorganization has brought the US’s seemingly untouchable, de facto national carrier crashing back down to earth with a bang.