Originally Posted by
Asturias56
Never understood that - selling the bits that are making cash to support the bits that aren't..........
I think the idea is that by strengthening the balance sheet, the remainder of Thomas Cook will then be able to invest in the business rather than service the debt pile. I'm not saying it will work, but in business terms it does make sense.
Originally Posted by
Wickerbill
You are dead right, Angry, the airlines does OK because of the underpinning of business from the tour operations.
The airline also carries passengers booked on other tour operators holidays.