I just can't believe it!
They've been around since FOREVER. All they have to do is sell rooms in resorts that they don't own for a profit (or seats on planes!)
I imagine there is going to be a lot of upset from this. I know the MAIN time these companies actually make money in May-September and so they need a bankroll to keep them going through the other months (which is why you see places like Florida advertised to heavily as they can always sell holidays to there compared to other parts of Europe or whatever) but people will have paid up for their 2020 holidays already, let along ones that are left to go in 2019!
I only walked past their Leeds city centre branch the other day and it was selling holidays as normal to people in there!