Thomas Cook announces £1.45bn loss.

[princeperch]

I happened to fly with Thomas Cook a few days ago having not done so for a number of years. I was surprised at how old the aircraft seemed to be and it wasn't in great nick internally (it did however get us there which is the main thing)

One thing I did notice is that at check in (we had a bag to check in for our son) they were asking everyone to bung their hand luggage into the dimension checker and were stinging people for being 1kg over their luggage allowance.

They seem like a bit of a grubby airline to me.

[Henners]

princeperch said:

One thing I did notice is that at check in (we had a bag to check in for our son) they were asking everyone to bung their hand luggage into the dimension checker and were stinging people for being 1kg over their luggage allowance.

They seem like a bit of a grubby airline to me.

Sounds like they’re very very desperate for cash.

[CaptainSlow]

Conversely, a lot more money is staying in the UK.

https://www.express.co.uk/news/uk/997715/uk-heatwa...

[J4CKO]

CaptainSlow said:

Conversely, a lot more money is staying in the UK.

https://www.express.co.uk/news/uk/997715/uk-heatwa...

The Express crowing about what s marvellous idea leaving the EU was and putting a positive spin on not travelling to other countries, who would have thought it.

Whats next ?

"5 Protein rich and delicious rat recipes"

[anonymous-user]

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.

That’s a good one! Surely you can come up with something a little more puerile?

[gooner1]

REALIST123 said:

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.

That’s a good one! Surely you can come up with something a little more puerile?

With the demise of the Jeremy Kyle show, I predict a lot more posts such as doreens.

[Dr Doofenshmirtz]

Examples for you (I.e my case)...
1) Poor £ to € value.
2) My company relies on fuzzy foreigners studying in the UK and numbers are falling resulting in job uncertainty.
3) UK weather had been good so why go abroad.
4) TC are more expensive

[crofty1984]

Not related to the fact that the internet/TripAdvisor etc, makes people much more confident in booking their own holiday and they don't have a monopoly any more. Plus, the glory days of the 18-30 lad culture holiday is on the wane?

Probably brexit.

[alangla]

princeperch said:

I happened to fly with Thomas Cook a few days ago having not done so for a number of years. I was surprised at how old the aircraft seemed to be and it wasn't in great nick internally (it did however get us there which is the main thing)

Was this one of their own or one of the Avion Express aircraft (which may well be in Thomas Cook livery)? Any time I’ve flown with them it’s been a fairly new Airbus, but the Avion stuff appears pretty old as do a few of their own planes. Got the flight number and date to hand?

[Nickbrapp]

I’ve 4 holidays booked this year, that’s 100% up on last year. Not sure why brexit stops people booking a holiday

I’ve been on two holidays with Thomas cook. The first time the flight was delayed and the shuttle bus from the hotel to the airport left without me “as I had checked out” of course I had checked out of the bloody hotel I had the bill to pay!

The other was to Cuba and the less said about that dump the better.

[princeperch]

alangla said:

Was this one of their own or one of the Avion Express aircraft (which may well be in Thomas Cook livery)? Any time I’ve flown with them it’s been a fairly new Airbus, but the Avion stuff appears pretty old as do a few of their own planes. Got the flight number and date to hand?

Dunno what the number was but we flew from London stn to dalaman last sat afternoon.

[daniel1920]

£1.1bn is goodwill payment from a mess of a merger in 2007 - would love to know the full story of how tttish you need to be to give that amount in goodwill.

Another large amount of loss is due to exchange rates, all aviation fees are dollars and all hotels in local currency, as brexit had an impact on gbp value their profit/loss gets worse.

That + lack of confidence spoke about.

https://www.thomascookgroup.com/news/16052019/thom...

The results are very thorough, no need to speculate!

Edited by daniel1920 on Friday 17th May 00:27

[alangla]

princeperch said:

alangla said:

Was this one of their own or one of the Avion Express aircraft (which may well be in Thomas Cook livery)? Any time I’ve flown with them it’s been a fairly new Airbus, but the Avion stuff appears pretty old as do a few of their own planes. Got the flight number and date to hand?

Dunno what the number was but we flew from London stn to dalaman last sat afternoon.

According to Flightradar24, that flight was operated by SmartLynx and the A320 you were on was 23 years old. Both the aircraft and airline are registered in Latvia. Sounds like the hire-ins aren’t doing them any favours reputation-wise

[FN2TypeR]

captain_cynic said:

croyde said:

Just this second had a message from EE telling me that calls from the UK to Europe have dropped from pounds or more/minute to 19p/min and texts are only 6p, if you are a pay monthly subscriber.

They don't appear to be bothered by Brexit then.

That makes them one of the more expensive carriers for EU roaming... I'm with Plusnet who are using EE's network and EU roaming is free (I.E. uses your plan's allowance), that's pay monthly with no contract.

Same with o2 - I'm in Corfu at the moment and it just uses your usual plan/allowance

[CaptainSlow]

J4CKO said:

CaptainSlow said:

Conversely, a lot more money is staying in the UK.

https://www.express.co.uk/news/uk/997715/uk-heatwa...

The Express crowing about what s marvellous idea leaving the EU was and putting a positive spin on not travelling to other countries, who would have thought it.

It isn't crowing or spinning anything. UK visitor destinations are booming.


http://www.travelweekly.co.uk/articles/329713/east...

[brickwall]

CEO should be very worried for his position. Yes, the weather and Brexit 'headwinds' haven't helped, but it looks like the leadership have properly screwed this up.

Under Harriet Green (his predecessor) the Thomas Cook share price went from 15p to 200p, in 2 years.

For some bizarre reason, he collaborated with the Chairman to fire her, and took her job.
Under him the share price has gone from 200p to 15p.

Shareholders should have called for his head a long time ago.

[mcdjl]

So said:

Maxf said:

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.

You won't want to use the tunnel or ferry during the French striking eason then (ie all year).

[Fundoreen]

haha talk about bringing all the bulging eyed looneys out.
Its not that europeans are angry its more sadness. In turn the intrepid british tourist knows this and out of guilt goes elsewhere.
Anyway while being all for brexit as advertised beforehand I can now see the UK has been fooled.
What country is run for the benefit of the disgruntled,low paid,old and past it? A not very prosperous one.

[housen]

LONDON (Reuters) - Thomas Cook Group shares sank by nearly a third on Friday and bonds hit a record low after Citi downgraded its rating to 'sell' and cut its target price on the stock to zero, a day after the company's latest profit warning.

[amusingduck]

Dr Doofenshmirtz said:

2) My company relies on fuzzy foreigners studying in the UK and numbers are falling resulting in job uncertainty.

Says who?

website said:

As of 2017/18, international enrollment at UK universities expanded by 3.6% compared to the previous year.

https://www.studying-in-uk.org/international-student-statistics-in-uk/