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Thomas Cook collapses
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Old 26-09-2019, 05:05   #46
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Re: Thomas Cook collapses

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Originally Posted by Paul View Post
But not the weather to go with it, thats one of the problems.
Its also quite expensive, you can book a holiday in Spain for the same [or less] as one in Devon.
We tend to go on daytrips a lot but then we live on the border of Devon and Cornwall and can make a decision quickly based on the weather forecast.

Although last year the family had a 5 day caravan stay in Mullion and it was just as warm as Spain.

But l agree Spain can be cheaper and the weather is more consistent but that is a no no for me because of the cost of health insurance.
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Old 26-09-2019, 14:33   #47
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Re: Thomas Cook collapses

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Originally Posted by ianch99 View Post
Probably quicker to get there as well
We went to Devon about 10 years ago, and it took us 12 hours not really bothered about doing that again.
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Old 30-09-2019, 18:43   #48
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Re: Thomas Cook collapses

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It was hardly badly run, it ran up huge debts while handing out money right left and centre to shareholders and directors. All profiting from mergers and acquisitions along the way. That's what a company is run for, is it not? Squeezing money out for shareholders.
Like I said badly run.

Many ways to grow a business, one is organically over time slow and steady. Another is to leverage you business borrow against it and buy another suitable business instantly increasing your consumer base but crucially also your overhead. You have to cut your overhead as quickly as possible through rationalising your back office, your systems and your people.


If you don’t do that you’ve achieved nothing. They made acquisitions and failed to rationalise, increased their debt, been done a thousand times before. Therefore Badly run.

Jet 2, Tui, Virgin, and a host of other operators will fill the void. I agree the long termers with substantial pensions and who may have hoped one day for pay out at the end of their time are big losers.

---------- Post added at 18:43 ---------- Previous post was at 18:42 ----------

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Originally Posted by jfman View Post
That's capitalism Den, as long as you're not the one left holding the baby them the job is a good one. Creditors and Government will take the hit, partially cover the pension scheme, etc.
Perhaps we should nationalise the tourism industry?

A ministry of joy? I believe Hitler had one of them, and was a socialist too!
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Old 30-09-2019, 19:05   #49
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Re: Thomas Cook collapses

No he didn’t*, and no he wasn’t.

You are confusing someone using a word to gain support, and someone who actually is something.

You know, like the Democratic People’s Republic of Korea, or the Germans Democratic Republic, or the Democratic Republic of the Congo, or the words above the Auschwitz gate "Arbeit Mach Frei".

*you may be thinking of the "Joy Division", who were young women held in concentration camps who were raped by the guards.
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Last edited by Hugh; 30-09-2019 at 19:16.
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Old 30-09-2019, 20:05   #50
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Re: Thomas Cook collapses

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Originally Posted by Hugh View Post
No he didn’t*, and no he wasn’t.

You are confusing someone using a word to gain support, and someone who actually is something.

You know, like the Democratic People’s Republic of Korea, or the Germans Democratic Republic, or the Democratic Republic of the Congo, or the words above the Auschwitz gate "Arbeit Mach Frei".

*you may be thinking of the "Joy Division", who were young women held in concentration camps who were raped by the guards.
Nazi? National Socialist.

I know what the joy division was, that isn’t what I meant. I know my WWII history.

I was referring to the state run Nazi leisure organisation Kraft Durch Freude

https://en.m.wikipedia.org/wiki/Strength_Through_Joy

**Edit**

Ok I agree that the Nazis were a perversion, but they still embodied a position of socialism, far right, far left - I don’t care. Socialism of any form has failed time after time. Give me compassionate capitalism every time, with equality of opportunity.

And you were obviously wrong on the other point too.
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Last edited by Pierre; 30-09-2019 at 20:19.
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Old 30-09-2019, 21:19   #51
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Re: Thomas Cook collapses

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Perhaps we should nationalise the tourism industry?
Thomas Cook was nationalised from 1948-1972.
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Old 30-09-2019, 21:39   #52
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Re: Thomas Cook collapses

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Originally Posted by 1andrew1 View Post
Thomas Cook was nationalised from 1948-1972.
Good shout, as part of the nationalisation of the railways.

Tellingly, de-nationalised well before it became fashionable.
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Old 09-10-2019, 09:46   #53
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Re: Thomas Cook collapses

Rival buys all 555 Thomas Cook stores.

https://www.bbc.co.uk/news/business-49985369

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All 555 Thomas Cook stores to be bought by rival Hays Travel in a move that could save up to 2,500 jobs
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