{"id":293384,"date":"2019-09-24T05:23:28","date_gmt":"2019-09-24T05:23:28","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=293384"},"modified":"2019-09-24T05:23:28","modified_gmt":"2019-09-24T05:23:28","slug":"rip-thomas-cook-holiday-dreams-washed-away-by-tide-of-debt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rip-thomas-cook-holiday-dreams-washed-away-by-tide-of-debt\/","title":{"rendered":"RIP Thomas Cook: Holiday dreams washed away by tide of debt"},"content":{"rendered":"<p>Thomas Cook sold tens of millions of Britons a summer holiday to remember with the slogan &#8220;Don&#8217;t just book it, Thomas Cook it&#8221;.<\/p>\n<p>But behind the glossy brochures, it was struggling to adapt to market changes: while taking over rivals delivered short-term savings, it propelled the British brand towards a $2.1 billion debt pile that would ultimately seal its fate.<\/p>\n<p>It narrowly avoided collapse in 2011 when, reeling from the Arab Spring, Icelandic volcano and a squeeze on British incomes, it had to beg for a 200 million pound ($249 million) lifeline.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thomas Cook sold tens of millions of Britons a summer holiday to remember with the slogan &#8220;Don&#8217;t just book it, Thomas Cook it&#8221;. But behind the glossy brochures, it was struggling to adapt to market changes: while taking over rivals delivered short-term savings, it propelled the British brand towards a $2.1 billion debt pile that would ultimately seal its fate. It narrowly avoided collapse in 2011 when, reeling from the Arab Spring, Icelandic volcano and a squeeze on British incomes, it had to beg for a 200 million pound ($249 million) lifeline.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-293384","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/293384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=293384"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/293384\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=293384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=293384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=293384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}