Saskatoon, what a load of tripe. Monarch are not TCXs main competitor, TUI are. TCX subs work out to Monarch and has done for years as it suits their business model. As for Paddy Power conspiracy theory, I'm speechless. Thomas Cook were actually quoted at a shorter price than TUI as I recall to go bust.
Thomas Cook made over £400m last year so one of their worst years ever ? I don't think so somehow.
If you want the correct version of what has happened to SkyService google it and read up before posting such uninformed nonsense. It seems TCX wanted it to survive and even bought up its debts to try to help it.
I despair sometimes at what cr*p gets written on here. TCX will go to Transat now I would imagine.