The difference with Cook's and MYT is this:
Thomas Cook have announced losses group wide, but can see an improving situation. The UK is profitable for them. Germany is not, but is recovering allegedly.
MYT are strapped with debt, and cannot wriggle free without selling the best parts of their businesses, which leaves all the under performing ones in the portfolio. Hardly a good starting point for recovery....
MYT are having to fire sale these assets to survive this winter, by their own admission.
Thomas Cook has two large parent shareholders in LUFTHANSA and KARSTADT QUELLE, who have publicly said this week that they are sticking with the plan and will support Thomas Cook at this time.
Spot the difference anyone?