Condor at an operating level made money. Thomas Cook UK did not.
When a company wants to borrow money, the first question is - do I think you will pay me back ? Thomas Cook Air had lovely people at airports and in the air - but financially was a zombie. If you want to blame somebody, Manny Fontenla-Novoa who was CEO until 2011 would be a good candidate - he loaded the company up with debt. The EU had nothing to do with it, it was just a business that was failing and the cat had run out of lives
Last edited by davidjohnson6; 16th Mar 2020 at 21:33.