Originally Posted by
Brigantee
Pretty sloppy report that, though the headline figure is accurate. According to a guest on BBC Business Live this morning, from VSA Capital, the real loss is £280m, the rest being a one off charge. Still doesn't make it good, but touting figures of £1.5bm isn't likely to encourage potential customers from investing their hard earned (or worse borrowed) cash into forward bookings.
It also wouldn't surprise me if credit card companies didn't start playing the same trick they did with FlyBe in withholding payments to TC to protect their positions.