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  1. #1
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    Default Thomas Cook near Bankruptcy

    Hi , I have a few friends very concerned about this , can anyone offer any insight on how it will affect flights to the DR and for people that are already here? Or if you even believe it will transpire? they seem to be still tgrying to avoind what seems the inevitable.

    https://www.foxbusiness.com/industri...-latest-flight

  2. #2
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    The government is ready to fly holidaymakers back to the UK if tour operator Thomas Cook collapses, Foreign Secretary Dominic Raab has said.

    Mr Raab told the BBC's Andrew Marr Show contingency planning was in place to make sure no-one would be stranded.

    But he dampened hopes of a government rescue bid for the firm.

    Ministers did not "systematically step in" when businesses went under unless there was "a good strategic national interest", he said.

    Mr Raab said he did not want to undermine the rescue talks that Thomas Cook is currently conducting with its biggest shareholder and creditors in the City of London.
    https://www.bbc.com/news/business-49785426
    Whoever introduces the old again to recognize the new, can be a teacher to others.
    (Confucius)

  3. #3
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    They will go bust, how can a company turn over 9 billion pound and be in such a financial situation. Long way home.

  4. #4
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    They blame the weather..........and Brexit


    Sent from my iPhone using Tapatalk

  5. #5
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    If Thomas Cook were a bank, no question a bailout would happen. Since they are a vacation provider, on that alone the failure of the company doesn't seem to rise to the level necessary for the UK Govt to feel compelled to bail them out.

    If Thomas Cook says they are failing because of Brexit at least 3 more times, there certainly won't be any bailout and this will be example #1 of how the sky (in it's entirety) is going to come falling down when the UK leaves the EU - Trumpeted by the Govt opposition, all the pundits in the media and any other remainers who feel inclined to take to social media to spread their vision of the apocalypse.

    This isn't the first big travel company to face bankruptcy and it will not be the last. It's a tough market to operate in as costs fluctuate regularly as fuel, resort fees etc change based on market conditions. Serving the commoners means having to have the lowest price and the most value for what you do charge. Not an easy thing to pull off if all of your customers have already visited 2 or 3 other providers to compare your prices to theirs.

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  7. #6
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    Quote Originally Posted by beeza View Post
    They blame the weather..........and Brexit


    Sent from my iPhone using Tapatalk
    For sure....If they don't make a.... BREXIT EXIT...deal soon...the vision of the British Politicos and business leaders...Sitting around on their dank island fussing with their suits, could become reality...British reading this are excluded......

  8. #7
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    Moderator Ladies Only & North West Forums


  9. #8
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    Default Thomas Cook ceased operations worldwide.

    World’s oldest touroperator went to bankruptcy today leaving 600 000 customers at destinations, company’s debt is around 2 billion USD. This will have a huge impact on the European tourism, the consequences will be the worst ever imaginable.

  10. #9
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    Condor airlines is also part of Thomas Cook and in the Dutch newspaper it was mentioned that the airline is included in the bankruptcy but juts checking their website it says that they are still flying till further update.
    Whoever introduces the old again to recognize the new, can be a teacher to others.
    (Confucius)

  11. #10
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    Im sorry as a American I never heard of Thomas Cook how much will this affect tourism to DR?

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