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Picture: Transport Pixels

Thomas Cook, the owner group of Finnish travel agency Tjäreborg, has gone bankrupt in the early hours of Monday morning.

According to Tjäreborg, about 3,500 Finnish customers are currently traveling abroad.

The collapse cancels all flights by Thomas Cook Airlines Scandinavia on Monday, and thus all Tjäreborg flights are canceled as well.

“We are extremely sorry about the situation and the trouble and grief resulting from this,” says Magnus Wikner, the managing director of Northern Europe at Thomas Cook Group, in a statement.

“We tried to arrange things so that the flights could have been flown. That, however, turned out to be impossible and all flights on Monday have had to be canceled,” he continues.

Thomas Cook is a 178-year-old British travel company. It is the world’s oldest travel firm.

The collapse leaves roughly 600,000 Thomas Cook customers stranded around the world.