Thomas Cook collapses
Thomas Cook has collapsed after last-minute negotiations aimed at saving the 178-year-old holiday firm failed.
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This is a massive blow to travel industry. A big brand like this collapsing. 21,000 jobs in 16 countries, 9,000 in UK alone. 150,000 customers stranded abroad. Civil Aviation Authority ordered to undertake largest repatriation, in peace time history.
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No doubt about that but the writing had been on the wall for quite a few years now as the company found it increasingly hard to service their huge debt burden as well as failing to adapt to the changes in the holiday market..
Some questions are answered here below for anybody who has a holiday with Thomas Cook. https://www.theguardian.com/business...tions-answered |
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https://thomascook.caa.co.uk/ |
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Sad news for a company that existed in several incarnations since 1881..and a blow to employees and customers.
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We flew home from Mexico with them only yesterday and one of the stewards was saying he'd worked for them for over 20 years and when he put his uniform on yesterday morning he cried. I feel so sorry for all those who've lost their jobs this morning.
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Knock on effect, or people taking advantage to make extra cash?
Daughter is currently on holiday in Spain, not booked through Thomas Cook. There was a meeting at the hotel this morning where they were told that, although many were not booked through TC, there would now be no return transfer from the hotel to the airport. Awaiting further news . . as it could be , probably is, total confusion over there at this time. |
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Hate to mention the 'B' word, but it was a factor. https://speakerpolitics.co.uk/analys...ge-of-collapse
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The Thomas Cook collapse is going to have a significant ripple effect right across the industry as its collapse is going to ricochet right throughout Europe.
Many businesses are owed huge amounts by Thomas Cook. |
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Why is the CAA / HM Government arranging the return flights and not ATOL?
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