PPRuNe Forums - View Single Post - Thomas Cook puts airline up for sale
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Old 8th Feb 2019, 07:10
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Andy_S
 
Join Date: Jan 2001
Location: Clarty Waters, UK
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Originally Posted by skydler
The airline still made £129m profit last year. If TCG looking to sell it it's to save the wider Group businesses, not because it's also doomed.
That's my understanding as well. The airline is profitable, it's the rest of the group that's struggling, specifically with a debt pile that's restricting it's ability to invest in the business.
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