Thomas Cook Takes Flight From Ireland

Some Irish Thomas Cook Group plc (LON:TCG) (OTCMKTS:TCKGY) customers were disappointed when their 2014 brochure didn’t arrive in the mail at the beginning of the New Year. But the firm’s subsequent announcement that it was pulling out of the Irish travel market, where it has been selling package holidays for more than one hundred years, probably came as less of a shock, considering the monumental rise of low cost airlines such as Ryanair Holdings plc (ADR) (NASDAQ:RYAAY) (LON:RYA) and DIY holidaymaking. Thomas Cook: Is the travel industry taking off? Yet, the company’s timing is odd. Departure taxes were scrapped in the last…