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Thomas Cook's £1.2Bn Lifeline Gets two years in the hope mew to holiday comes back Rate Topic: -----

#16 User is offline   RufflesTheGuineaPig 

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Posted 09 April 2012 - 12:48 AM

View Postporca misèria, on 08 April 2012 - 07:22 PM, said:

Presumably they've presented a convincing case to their backers!

Their sector isn't dead: TUI (which owns Thomson travel among others) is not in trouble. I guess Thomas Cook was already weaker than it should've been (reeling from an ash cloud?) when they were hit by things like lots of North Africa destinations losing their shine.

Not that I know the sector, either as investor or customer!


TUI survived the volcano thing better because they have lots of non-UK operations, especially in Germany, which served routes not effected by the volcano.

In fact there German operations have survived better in General - like the German economy.

A quick reminder to everyone - if you book a holiday, USE A CREDIT CARD. I know you pay a credit card fee, but if anything goes wrong you can be sure of getting your money back.

Also, don't book with Thomas Cook, they're rubbish...
It's time to pay the piper. There is no magician who will magic away the debt. Someone is going to have to pay it. Bend over and prepare to make payment.

In this glorious nation of ours, if you work hard and keep your head down for 25 years then you too can aspire to own one-eighth of a one bedroom flat in Manchester.

My mum and day always tell me how important it is to save to buy a house. They should know, it took them nearly 6 months to save for theirs. As teenagers, they bought a 3 bed semi.

#17 User is offline   dothemaths 

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Posted 09 April 2012 - 04:43 AM

View Postporca misèria, on 08 April 2012 - 07:22 PM, said:

Presumably they've presented a convincing case to their backers!

Their sector isn't dead: TUI (which owns Thomson travel among others) is not in trouble. I guess Thomas Cook was already weaker than it should've been (reeling from an ash cloud?) when they were hit by things like lots of North Africa destinations losing their shine.

Not that I know the sector, either as investor or customer!


TUI is a German company - so their main business is probably still tickety-boo.

#18 User is offline   geezer466 

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Posted 09 April 2012 - 06:59 AM

View PostRufflesTheGuineaPig, on 09 April 2012 - 12:48 AM, said:

TUI survived the volcano thing better because they have lots of non-UK operations, especially in Germany, which served routes not effected by the volcano.

In fact there German operations have survived better in General - like the German economy.

A quick reminder to everyone - if you book a holiday, USE A CREDIT CARD. I know you pay a credit card fee, but if anything goes wrong you can be sure of getting your money back.

Also, don't book with Thomas Cook, they're rubbish...


Or alternatively (and you do a lot of travelling) buy an inclusive annual insurance policy. All persons going abroad should have insurance anyway. This would usually contain a section on failure of a travel operator.
Cover from a short break to Brighton to walking in the Andes..
This is the space for the signature thingy.........

#19 User is offline   MrPin 

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Posted 09 April 2012 - 01:20 PM

Is this another one of RBS's sound investments? :blink:
Ignorance can be cured! Stupidity cannot!
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