Ryanair boss says tour operator model is ‘dead’ following Thomas Cook collapse

Ryanair Group CEO Michael O’Leary says the tour operator model was “dead” following the collapse of Thomas Cook. O’Leary, who appeared at a Reuters Newsmaker event in London, claimed that Thomas Cook’s demise last week was no surprise, with low-fare models like his squeezing less competitive rivals. “The package market I think is screwed, it’s over. It’s like whoever was making shoes for horses when there were horse-drawn carriages,” he said. “There were some good, well-managed horse-shoe companies but ultimately they went the same way as well and that will happen with tour operators here in Europe.”  When asked further