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Thomas Cook

Seasider

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It's an age thing. People of my generation - "permamently on holiday" - don't take easy to change ie book an IT package trough a travel agent. I recently went on a Jet2 holiday package to Portugal but after the new year going to Spain having booked my own flights and hotel.
I am obviously different. no questions please! :rolleyes:
 

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TheLocalYokel

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Yes
It's an age thing. People of my generation - "permamently on holiday" - don't take easy to change ie book an IT package trough a travel agent. I recently went on a Jet2 holiday package to Portugal but after the new year going to Spain having booked my own flights and hotel.
I am obviously different. no questions please! :rolleyes:
I'm a WW2 baby and have booked many flights and some holidays on the Internet. I've had Internet-accessible computers for over 20 years - in the days of AOL dial-up when only about 20% of the UK population (if that) was connected to the Net. So I have no hang-up about using the Net.

However, when it comes to slightly complex long-haul holidays I have found every time in the past decade that I can get a much better overall deal by using specialist travel agents than booking flights, hotels and even car hire separately online.
 

lbaspotter

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Sky News are reporting this evening that Virgin Atlantic has entered the race to buy up Thomas Cook's UK Long Haul operations while Lufthansa Group wants to buy up buy its German Condor airlines short & long haul operations.

Condor
https://www.reuters.com/article/us-thomas-cook-grp-m-a-lufthansa/germanys-lufthansa-will-bid-for-thomas-cooks-condor-ceo-idUSKCN1SD0OL?il=0
Virgin
https://news.sky.com/story/virgin-atlantic-flies-into-dogfight-over-thomas-cook-airline-11715547

Reading elsewhere that Indigo or Easyjet maybe interested in the UK Airlines short haul operations.
 
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BlueManc

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Nov 7, 2017
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Depends what number you run with. Journos likley to look for the biggest number.

Loss from Operations (EBIT) exc. goodwill impairment (282)
Loss before tax (1,456)
 

Jerry

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Someone mentioned that the Mytravel purchase was included and that was £1.2 billion.
Problem is people will see that think TCX will go bust and stop booking. Also I wonder if the credit card companies may start holding back payments to protect themselves like they did with Flybe.
 

Sherburnflyer92

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It's a very sad state of affairs. What really should of happened in hindsight is Thomas Cook, as it was then, let My Travel go to the wall and then pick up the fleet, staff/crew, slots and routes.TC had the fleet expertise anyway as MYT ran more or less the same fleets, A330, A321, A320 and B757/76. Unfortunately greed got the better of them and as such they are now paying the price after merging with MYT and absorbing all it's debts.

I can only hope the a solution is found to this high street brand and quick. It's about time the industry started putting pressure on our useless MP's for a solution to Brexit; or to at least start producing information relating to travelling within the EU post UK leaving. That is what is driving a lot of uncertainty.
 

Rob c DSA

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May 27, 2017
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Scaremongering stories starting in the media is not good news for the company. Thomas Cook are another company with major problems that aren't going to go away lets hope they can pull through however its more tough times ahead for them.
 

paully

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Jan 22, 2018
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It's a very sad state of affairs. What really should of happened in hindsight is Thomas Cook, as it was then, let My Travel go to the wall and then pick up the fleet, staff/crew, slots and routes.TC had the fleet expertise anyway as MYT ran more or less the same fleets, A330, A321, A320 and B757/76. Unfortunately greed got the better of them and as such they are now paying the price after merging with MYT and absorbing all it's debts.

I can only hope the a solution is found to this high street brand and quick. It's about time the industry started putting pressure on our useless MP's for a solution to Brexit; or to at least start producing information relating to travelling within the EU post UK leaving. That is what is driving a lot of uncertainty.
Brexit is just an excuse, as is warm summers and late Easters ..Their market share is on the slide in Scandinavia and Germany no less, as well..Its the massive debts they have, that has brought them to this point..happening as a result of crap management over many years and an ageing fleet that no one in their right minds is going to pay over the odds for. Jet2 showed them how to do it...TC didnt even know how to play catch up
 

IanFarquharson

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Just out of interest Thomas Cook capacity in S20

MAN = 2,335,210 seats and 4th biggest operator
LGW = 1,469,466 seats and 7th biggest operator
BHX = 708,716 seats and 5th biggest operator

These negative press comments will make people shy away from booking with them
 

Sherburnflyer92

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Brexit is just an excuse, as is warm summers and late Easters ..Their market share is on the slide in Scandinavia and Germany no less, as well..Its the massive debts they have, that has brought them to this point..happening as a result of crap management over many years and an ageing fleet that no one in their right minds is going to pay over the odds for. Jet2 showed them how to do it...TC didnt even know how to play catch up
Brexit is not an excuse. It's a reality. Check TUI out they've said the same. There is a lot of industry articles out there that all say the same. Brexit is having an impact on everyone at the moment.

I do agree with you in Scandi, Germany, and the Jet2 comment - but i'll stick to what i said earlier. They should have really stood on the sidelines and let My Travel go to the wall before acquiring slots, hotels, aircraft, personnel.
 

Aviador

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Tarn Spotter said:
Shares on Friday fell to 11.75p, down 91.5% on the year, city analyst put a zero value on the shares and the "material uncertainties" comment from the auditors and their view that the company only has enough capital to see out this month, must surely deter any customer in buying a TC holiday.
It must be awful being a TC staff member at the moment, hopefully , Lufthansa, will purchase the German Condor TC airline next week, with other fire sales to raise the £1b needed.
Yesterday saw Easyjet post its worst winter loss in its history and I should imagine that Ryanair's figures on Monday may be even worse, the last quarter were the worst for years and MOL comments yesterday, did nothing to comfort the market.
 

Aviador

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LOL! Yeah let's got back to the 1950's. That is what scary this vote is by the people who lived in the 1950's and still live in the 1950's. They don't understand globalisation.
Like it or not we live in a world where economics are intertwined with all our neighbours. There has been a flurry of airline failings each siting Brexit as a major contributing factor. A number of other airlines have said trading conditions are difficult due to Brexit uncertainty. This uncertainty was predictable prior to the result of the 2016 referendum. It was never going to be a breeze leaving the EU and in my humble opinion the show has only just begun.
 

Sherburnflyer92

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May 7, 2011
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So so far:

TC UK SH - easyJet rumoured. Wouldn't see Jet2 doing it.
TC UK LH - VS very much interested.
CONDOR - LH very much interested.
NORDIC - Triton now very much interested.

Could probably raise that £1.5 billion write off if not turn a profit with the sale of all these.
 

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