https://news.sky.com/story/thomas-cook-seeks-last-ditch-fire-sale-in-bid-to-avert-collapse-11814043

 

Whist the primaddonas at BA complain about one of the best contracts in the world, I wonder if the nigels will spare a thought for the 9000 staff at TCX about to get axed. 

 

Looks like their well in the poo poo this time.

No matter how you look at it the low end travel agent /tour operator market in the UK is dead

The German and scandi market was always propping them up for the last 15 years

The days of Tony and Gordon paying out loads of bennies to the poor for them to spend on cheap holidays to marmaris is over. You got easyjet and Ryanair to thank for killing off that market 

I imagine the ceos, coo and pwc are trying to work out how to sifen as much out of it as possible.

Before it collapses on Friday.

Edited September 19, 20196 yr by fluffyflops

That's sad about Thomas Cook.

A link from that article led me to read about the theft of an 18carat gold toilet from Blenheim Palace's art exhibit.

I was going to suggest a possible suspect for the theft, but I read further that it was already offered to my suggested person and he apparently declined.

How odd though that it was a "working exhibit" and visitors were allowed to actually use it!

https://www.dailymail.co.uk/news/article-7482863/Fears-Britains-oldest-travel-firm-Thomas-Cook.html

14 hours ago, n4gix said:

That's sad about Thomas Cook.

A link from that article led me to read about the theft of an 18carat gold toilet from Blenheim Palace's art exhibit.

I was going to suggest a possible suspect for the theft, but I read further that it was already offered to my suggested person and he apparently declined.

How odd though that it was a "working exhibit" and visitors were allowed to actually use it!

Hi Bill..

...and when you fly....be careful..

https://www.thesun.co.uk/travel/9912237/airbus-sensors-track-passengers-loo/

Regards...

Another Bill

And it's all over the wires in the last hour that Thomas Cook has now officially ceased trading.  150,000 British citizens will need to be repatriated after being stranded abroad by the closure.  There's gonna be some wicked lines at the airports... 

A number of banks are holding the suffocation pillow over Thomas Cook's face, including RBS.  It's a bitter irony that about 60% of RBS is still owned by the taxpayers after the Great Recession bailout 10+ years ago.  And the estimated cost of repatriating all the stranded travelers is £600M... which no doubt the taxpayers will get stuck paying for.  But the banks will get their money... which the banks always do.  It all lends credence to the old reality that the only thing better than robbing a bank is owning a bank!

Greg

17 minutes ago, lownslo said:

A number of banks are holding the suffocation pillow over Thomas Cook's face, including RBS.  It's a bitter irony that about 60% of RBS is still owned by the taxpayers after the Great Recession bailout 10+ years ago.  And the estimated cost of repatriating all the stranded travelers is £600M... which no doubt the taxpayers will get stuck paying for.  But the banks will get their money... which the banks always do.  It all lends credence to the old reality that the only thing better than robbing a bank is owning a bank!

Greg

Isn't that a bit over-simplified?

But then again, it's the usual cry-out when these sorts of things happen... 😕
The 'Big-Bad-Corporation' is always stepping on the 'Little-People'.

Of course, it's a sad tendency... No-ones at fault for their own situation! There's always someone else to blame for it.

Thomas Cooks' main business was selling a product of the 1960's, the package holiday in the Internet era. The writing had been on the wall for a long time. The demographic that still buys package holidays is rapidly dying out and Thomas Cook failed to adapt to the online world. Entirely they own fault as Anders has said. Yet another Kodak story, failing to adapt to a rapidly changing market.

Just landed into Manchester this morning, had a couple of TC flights follow us in, they understandably sounded downbeat on the radio.

After landing the TC flights were being shut down and towed onto remote stands , very sad to see a big row all parked up with vehicles parked behind them so they couldn’t be moved. 

At least there was a glimpse of dignity this time as the airport had just parked small vans and cars behind the impounded aircraft, when Monarch went they used the snow ploughs ,a most undignified end.

Is this all of Thomas Cook? UK/Scandinavia/Belgium etc?

Yes.

Quote

While an estimated 150,000 Britons are affected by Thomas Cook's collapse, the company has about 600,000 customers abroad.

 

Edited September 23, 20196 yr by Reader

It`s not the first and it will not be the last, next it will most likely be an airline they are now suffering form the MAX problem.

23 minutes ago, rjfry said:

It`s not the first and it will not be the last, next it will most likely be an airline they are now suffering form the MAX problem.

The next is likely going to be Norwegian Air. The biggest warning sign from them is they are now excepting Bitcoin as Currency on flights, likely to make it difficult to access those funds during a bankruptcy. 

My cousin texted me this morning that he will have to give up spotting (at Manchester) if this carries on, as there will be nothing left to spot!!

5 hours ago, Matthew Kane said:

The next is likely going to be Norwegian Air. The biggest warning sign from them is they are now excepting Bitcoin as Currency on flights, likely to make it difficult to access those funds during a bankruptcy. 

LOL - really? 

Norwegian has been in trouble for a long time. I once heard an analyst say, that if the company had been anything other than an airlines, it would have closed a long time ago... 

It would be quite a loss though, since they're quite big here in Copenhagen...