Originally Posted by
caaardiff
From what I've seen there's been very little factual discussion on this thread. Just people spotting planes, adding negative opinion without thoughts for those potentially affected by job losses and people throwing around random bits of speculation actually thinking they are helping. It's amazing how it brings posters out of the wood work when things are going wrong.
It's clear to see that Thomas Cook are in a very poor financial situation, so the question begs, if they get the £200m, what happens after this winter? What if summer bookings don't make expectations, then next thing you know it's winter again and money dried up.
The fact that they have £1.7b of debt and have paid £1.2bn in interest payments since 2011. A quarter of it's revenue earned in sales goes on interest payments. So the question is, how sustainable is the business without the debt? Would an investor seriously come in and try to wipe out much of the debt? Would the reduced bookings from the good UK summers and Brexit uncertainty not matter without the debt payments or would the business still be losing money if they aren't set up for downward turns?
A £200m injection to get through the winter isn't going to be enough if it can't reduce the debt payments.
https://www.theguardian.com/business...uA_YiWZ6GqhmCo
Its just a big coincidence then is it???
none of us want to see Thomas cook go down, but the inevitable seems to be coming to fruition so people need to get their heads out the sand.