double-oscar
I don't think there's a question mark over it getting through the pandemic. Its just what state it will be in when this is all over
As for comparisons with Thomas Cook, When Thomas Cook merged with MyTravel it was in a crash rich position. Its future seemed assured. Within 12 years it had gone bust. Those solid foundations can turn to sand very quickly. At the end of the day TUIs problem is the same as Thomas Cooks, debt. How its managed and repaid will be the difference between the two.
All Airlines and travel companies have had to take on huge debts to see themselves through this. IAG owe billions, same with easyJet, Virgin are touch and go, Jet2 have got issues, Wizz seem ok, Ryan air seem ok as well. The last 2 have a very low cost base. Air France and Lufthansa will not be allowed to go under, Alitalia should have gone bust about 10 years ago. Its going to be a very interesting few years seeing how this all plays out.
One question that plays on my mind, post Brexit, If TUI get another bailout from the German government, would that fall foul of anti-competition laws here in the UK? And if so, what consequences would that have for TUI UK?