PPRuNe Forums - View Single Post - Thomas Cook-Beware
View Single Post
Old 11th July 2019 | 07:20
  #108 (permalink)  
Maxfli
25 Anniversary
 
Joined: May 1999
Posts: 165
Likes: 6
From: Europe
From the "Motley Fool" (30th June2019)......

Over the 12 months to 31 March, Thomas Cook paid £122m in interest costs but only generated £30m of cash from operations. The firm’s latest balance sheet shows total liabilities of £6,371m and total assets of just £5,026m. This suggests that the firm may be insolvent. Without a refinancing deal, I don’t see how Thomas Cook can continue trading.

£ at its lowest since 2000, shrinking economy, less disposable income available.
I doubt things will improve when Boris moves into No.10.

Genuine best wishes to all crew.
Maxfli is offline  
Reply