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  1. #21
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    Quote Originally Posted by TropicalPaul View Post
    Evidently British Airways are already in the chase to get their hands on the aircraft and the take-off slots, especially at Gatwick which is 100% full to capacity. As Thomas Cook flies to Punta Cana several times every week, this may increase the BA frequency from Gatwick to Punta Cana. BA has gone up to 4 flights per week Jan - Mar 2020 and I think there's a strong chance that they will go to at least 4 or 5 a week.

    It is hysterical how any business in the UK which is having a rough time is blaming Brexit. British Airways just made £2bn profit, one of their best results ever, so it's funny how Brexit hasn't affected them but had such a massive impact on Thomas Cook.
    Wonder if Sunwing would try to pick up some of the routes. Cook was using their AI deals with bookings.

  2. #22
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    Furious customers demand Thomas Cook bosses pay back £20million they reaped before company collapsed as government orders urgent probe into what went wrong
    Andrea Leadsom has called for a probe into actions of Thomas Cook's directors
    Comes amid accusations directors of struggling icon failed to 'future-proof' firm
    Firm has blamed terror, the Arab Spring protests and Brexit for previous failings
    Fat cat bosses were paid more than £20million in the past five years, it's revealed
    https://www.dailymail.co.uk/news/art...ok-bosses.html
    Whoever introduces the old again to recognize the new, can be a teacher to others.
    (Confucius)

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  4. #23
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    Quote Originally Posted by Uzin View Post
    BA is part of a bigger conglomerate of airlines, it's not just the BA. Also Thomas Cook is the holiday specialist, it does not have many business or first class seats. People mainly buy flight with BA, they buy holidays with Thomas Cook, totally different cattle of fish.....

    Brexit had a serious impact on Thomas Cook, they announced it many times in their profit warning - of course if you choose to ignore it like other Brexiteres is up to you...!
    On its Punta Cana service I would say that a good 80% of BA passengers are travelling on packages and not on flight only. Yes on other routes they are principally an airline, but not on their service to Dom Rep which is what we are interested in here. We will probably see BA expand, and we may see Virgin Atlantic start coming to Punta Cana now at long last.

    I think it's easy for any business to use Brexit as an excuse, but the reality is that Thomas Cook was an outdated business model. The bulk of their customers were not British (only 150,000 of the 600,000 currently abroad are Brits), so it's hard to say that Brexit was to blame.

  5. #24
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    It's hard to blame something that hasn't happened yet. Companies should have used the past few years to adjust their operations for a potential Brexit amid any market instability that the looming exit may have caused.

    Actually nothing tangible has changed from the day after the vote to leave and today. The UK still enjoys all the benefits of EU membership, there is no political deal covering an actual exit and there is nothing but a stated intention to leave without a deal. If history is any indication, there will be another exit delay sought or a complete withdraw of the idea leading to an internal political crisis in the UK.

    At this point, I'm pretty sure nothing is going to happen at the end of October.

  6. #25
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    Quote Originally Posted by TropicalPaul View Post
    On its Punta Cana service I would say that a good 80% of BA passengers are travelling on packages and not on flight only. Yes on other routes they are principally an airline, but not on their service to Dom Rep which is what we are interested in here. We will probably see BA expand, and we may see Virgin Atlantic start coming to Punta Cana now at long last.

    I think it's easy for any business to use Brexit as an excuse, but the reality is that Thomas Cook was an outdated business model. The bulk of their customers were not British (only 150,000 of the 600,000 currently abroad are Brits), so it's hard to say that Brexit was to blame.
    Brexit was one of the reasons and has contributed to their downfall, amongst other issues, the two Brexit dates this year was probably the nail in the coffin...

    I have not read their latest financial statement to see where they were loosing money, but 150k are those Brits stranded abroad today, their UK customer base maybe higher in winter times....

  7. #26
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    Quote Originally Posted by Cdn_Gringo View Post
    It's hard to blame something that hasn't happened yet. Companies should have used the past few years to adjust their operations for a potential Brexit amid any market instability that the looming exit may have caused.

    Actually nothing tangible has changed from the day after the vote to leave and today. The UK still enjoys all the benefits of EU membership, there is no political deal covering an actual exit and there is nothing but a stated intention to leave without a deal. If history is any indication, there will be another exit delay sought or a complete withdraw of the idea leading to an internal political crisis in the UK.

    At this point, I'm pretty sure nothing is going to happen at the end of October.
    I totally disagree, it heavily effected people's mindset and budgeting in general and specially the budget for holiday abroad - a bit of luxury item for average middle class....

    It started with 31 March, and then again 31 October and it will go on until that mess is sorted out.

  8. #27
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    It is certainly understandable how the uncertainty of the situation can cause people to be hesitant in their spending. However, a vacation for many is one of those "costs" of life that "we" absorb as long as the final price is within our means.

    Someone with a working car may opt to wait and see before buying a new one. Some may put off renovations to their homes. Travelers may change their destination to something closer/cheaper but usually will not cancel a vacation entirely. Provided that vacationers follow through with their intent to travel, and assuming that they still opt to travel outside their home country, the effects on a well run travel business/airline should be minimal. A room and a flight is still a room and a flight regardless of the actual destination and pricing would reflect what the market will bear.

    I don't subscribe to the theory that people's choices and activities have changed greatly at this stage of the Brexit process. Thomas Cook certainly didn't change substantially in the past two years - business as usual despite the mounting financial losses. Probably caused by the "Big Guy on the Block" trying to compete with the leaner more efficient provider's pricing without shedding any of the fat that would allow those lower prices to sustain the group of companies. A company can only accrue debt for so long - eventually everyone demands to be paid.

  9. #28
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    Quote Originally Posted by Uzin View Post
    I totally disagree, it heavily effected people's mindset and budgeting in general and specially the budget for holiday abroad - a bit of luxury item for average middle class....

    It started with 31 March, and then again 31 October and it will go on until that mess is sorted out.
    They have had financial issues for a long time. The DM article that Frank linked went into a lot of detail.

  10. #29
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    Quote Originally Posted by Cdn_Gringo View Post
    It is certainly understandable how the uncertainty of the situation can cause people to be hesitant in their spending. However, a vacation for many is one of those "costs" of life that "we" absorb as long as the final price is within our means.

    Someone with a working car may opt to wait and see before buying a new one. Some may put off renovations to their homes. Travelers may change their destination to something closer/cheaper but usually will not cancel a vacation entirely. Provided that vacationers follow through with their intent to travel, and assuming that they still opt to travel outside their home country, the effects on a well run travel business/airline should be minimal. A room and a flight is still a room and a flight regardless of the actual destination and pricing would reflect what the market will bear.

    I don't subscribe to the theory that people's choices and activities have changed greatly at this stage of the Brexit process. Thomas Cook certainly didn't change substantially in the past two years - business as usual despite the mounting financial losses. Probably caused by the "Big Guy on the Block" trying to compete with the leaner more efficient provider's pricing without shedding any of the fat that would allow those lower prices to sustain the group of companies. A company can only accrue debt for so long - eventually everyone demands to be paid.
    They stranded 600,000 people, 150,000 of which are Brits. A lack of bookings does not seem to the issue.

  11. #30
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    Your's is the point I am trying to convey.

    It's easy and very convenient to blame Brexit but I do not think that Brexit uncertainty has much to do with anything at this stage of the process.

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