Thomas Cook announces £1.45bn loss.

Thomas Cook announces £1.45bn loss.

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worsy

5,804 posts

175 months

Thursday 16th May 2019
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Diversion said:
Why would Brexit stop people going on holiday?

We have a couple of European holidays booked for later this year just as we have for the past few years
Because my wife lost her job at a Financial Advisors due to Brexit uncertainty. We are living on the one income until she can find something suitable.

HTH.

hotchy

4,469 posts

126 months

Thursday 16th May 2019
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Well there prices are always more than tui or jet2 so no wonder people haven't been using them. Iv said for years Thomas cook will be in trouble, I always check and can never book with them as there always alot more.

Type R Tom

3,864 posts

149 months

Thursday 16th May 2019
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Eric Mc said:
Good for you. Despite you solving your problems - it is deterring others. Whether you think they SHOULD be deterred is another matter - but the fact is, they are.
Question still stands though, how many people need to be deterred to make a difference? Would be interesting to look back at the figures around 2008, I wonder if as many people stopped going on holiday back then

daddy cool

4,001 posts

229 months

Thursday 16th May 2019
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Type R Tom said:
Can someone explain the maths to me? £1.45bn sounds like a lot of people not going on a say, £600 per head average holiday just because of brexit.
£600 per head is just the basic holiday price... have you seen how much they charge for those small tubes of pringles on the flight???

227bhp

10,203 posts

128 months

Thursday 16th May 2019
quotequote all
Diversion said:
Why would Brexit stop people going on holiday?

We have a couple of European holidays booked for later this year just as we have for the past few years
Because they've made such a good job of the process so far and changeover time will go really well so we have nothing to worry about.

Eric Mc

122,007 posts

265 months

Thursday 16th May 2019
quotequote all
Type R Tom said:
Question still stands though, how many people need to be deterred to make a difference? Would be interesting to look back at the figures around 2008, I wonder if as many people stopped going on holiday back then
Only Thomas Cook can answer that regarding their situation.

don'tbesilly

13,932 posts

163 months

Thursday 16th May 2019
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croyde said:
Why would people be unsure about renewing passports?

Just shows how thick a lot of the population is. Renewed mine last week. Got it 5 days later including the weekend.

Yep! it's still the little red EU one not the big black cardboardy type one, but every page does have a very British picture on it.
Yep only recently renewed mine, service was incredibly efficient with updates by email and text on a regular basis, and as you wrote it all happened very quickly.

It's still the same colour as previously, however there is no mention of the EU anywhere within the passport, so I guess it's the new 'style' but without the colour change.

Got an Easyjet flight to Rhodes this month, with funnily enough a Corfu holiday booked with TC in July.
Family and friends already have holidays booked to European countries over the next few months and none seemed overly concerned prior to making the bookings.

Brexit is an easy target when things aren't going well, however confidence in the future for some is bound to have an effect.

So

Original Poster:

26,271 posts

222 months

Thursday 16th May 2019
quotequote all
croyde said:
Why would people be unsure about renewing passports?

Just shows how thick a lot of the population is. Renewed mine last week. Got it 5 days later including the weekend.

Yep! it's still the little red EU one not the big black cardboardy type one, but every page does have a very British picture on it.
Because:

1. The fee represents a lot of money to them.

2. They want a new BRITISH passport when they come out.

3. They are not going anywhere so why spend the money?

pavarotti1980

4,895 posts

84 months

Thursday 16th May 2019
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So said:
Because:

1. The fee represents a lot of money to them.

2. They want a new BRITISH passport when they come out.

3. They are not going anywhere so why spend the money?
I think you have highlighted perfectly why the poster said people were thick.

Why get a passport when you have no intention of using it? Simply so it is "Britiiiiiiisshh"

croyde

22,884 posts

230 months

Thursday 16th May 2019
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I had a problem as a self employed freelancer a few years ago. Suddenly, after having worked in the same business for decades, companies had to prove one had the right to work in the UK.

They wouldn't pay me until I showed them my passport. Thing is, being British, I had no need for a passport unless I happened to be going abroad, and as my last one had expired I had no intention of shelling out for a new one unless it was really needed.

One company could not get their head around me not having a passport. Took me a while to get paid.

anonymous-user

54 months

Thursday 16th May 2019
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Europe is off my menu for vacations, mainly due to being poor value.

boyse7en

6,717 posts

165 months

Thursday 16th May 2019
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Whether you think that people should be put off by Brexit or not, people certainly are being more cautious, and in some cases are waiting to see some sort of resolution and certainty before committing to spend several months' salary on a holiday.

People worry about all sorts of things, and even what seem to be small issues to some might be enough of a worry to deter other people.

egor110

16,860 posts

203 months

Thursday 16th May 2019
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Vandenberg said:
Europe is off my menu for vacations, mainly due to being poor value.
Exactly , Turkey and Florida are having a bumper year as all the people who would of gone to Europe are going to different non eu places.

So the answer isn't brexit because people are still going abroad just to different countries .

I'd suggest tui are handing thomas cook there ass and people are sorting own flights and hotels to save money and that's why thomas cook's profits are down.

Maxf

8,408 posts

241 months

Thursday 16th May 2019
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Diversion said:
Why would Brexit stop people going on holiday?

We have a couple of European holidays booked for later this year just as we have for the past few years
It hasn't stopped us totally, but we purposely didn't book our European trip while the potential to crash out with no deal was on the immediate horizon... bugger sitting in queues for the channel tunnel for hours if(when) they messed up the border/passport checking process. If that turned out to be the case we'd just fly somewhere instead at shorter notice.

So

Original Poster:

26,271 posts

222 months

Thursday 16th May 2019
quotequote all
Maxf said:
Diversion said:
Why would Brexit stop people going on holiday?

We have a couple of European holidays booked for later this year just as we have for the past few years
It hasn't stopped us totally, but we purposely didn't book our European trip while the potential to crash out with no deal was on the immediate horizon... bugger sitting in queues for the channel tunnel for hours if(when) they messed up the border/passport checking process. If that turned out to be the case we'd just fly somewhere instead at shorter notice.
Pretty much our attitude.

Tankrizzo

7,265 posts

193 months

Thursday 16th May 2019
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Whilst I think that some companies do blame Brexit for their own woes, this is an obvious case to me where Brexit is bound to have a direct impact. I know a fair few people who put their holiday plans back a bit this year because of what might happen.

egor110

16,860 posts

203 months

Thursday 16th May 2019
quotequote all
Tankrizzo said:
Whilst I think that some companies do blame Brexit for their own woes, this is an obvious case to me where Brexit is bound to have a direct impact. I know a fair few people who put their holiday plans back a bit this year because of what might happen.
Why not go to a non e.u country ?

Tankrizzo

7,265 posts

193 months

Thursday 16th May 2019
quotequote all
egor110 said:
Why not go to a non e.u country ?
No idea. They just have. I know a couple who always visit the same resort in Greece every year with the kids, for example.

Fundoreen

4,180 posts

83 months

Thursday 16th May 2019
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Weird how people would avoid EU destinations. I guess its the shame of making eye contact with people that realize you secretly hated them all along.

cb31

1,142 posts

136 months

Thursday 16th May 2019
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Fundoreen said:
Weird how people would avoid EU destinations. I guess its the shame of making eye contact with people that realize you secretly hated them all along.
laugh

Yes I bet that's the reason. Since Mar 29th we've been as a family to Portugal and will be going to Barcelona and a road trip in Italy in the next few months. Despite voting Brexit I'll just about manage to look people in the eye, although maybe I'm in a minority as I don't hate Europeans or Europe. Not too keen on the EU though.

Having said that Europe isn't exactly cheap for family holidays so I can see why people are going elsewhere. Not only that, we would only ever book flights, villas etc ourselves as you get a much better standard than going through a company like Thomas Cook. It's so easy nowadays with the rise of the internet that I can imagine many more people do this too.