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Old 24th Aug 2021, 12:38
  #156 (permalink)  
double-oscar
 
Join Date: Sep 2007
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Well it is positive you think that TUI will be around in ten years. The problem with Thomas Cook was that it’s foundations were built on shifting sand. It’s merger with MyTravel brought with it a lot of unsound businesses which MyTravel had bought using debt to pay for them. It was then difficult to integrate these into the overall business and because any profit went into servicing the debt the company couldn’t afford to invest to transform the business. Also, it suited some of the Thomas Cook investors to let the company collapse as they could pick up the assets they really wanted at a knockdown price and free of debt. TUI is in a much better position and has a much more focussed business plan. Even with Covid it is continuing to invest in its business. I personally think that, if it can get through the pandemic, it will be a much more profitable company than it was before with a bright future.
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