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Old 9th May 2011, 19:30
  #4154 (permalink)  
2Planks
 
Join Date: Oct 2007
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There was a very mixed reaction to Jet2 cancelling Tunisia and Egypt earlier this year. Posts 4010 onwards.

From today's BBC Ceefax "Thomas Cook warns of weak trading. Unrest in key tourism destionations such as Tunisia and Egypt have weighed heavily on profits at Thomas Cook. TCX saw half year operating losses widen by £36m to £166m as travellers cancelled bookings and shunned the resorts. TCX warned of a further impact in the 2nd half of £35m, adding that the UK market remained tough. The firm is restructuring , having made 500 redundancies and closed it defined benefit pension scheme"

Of course there are massive differences in scale, Jet2 was small enough to react and we will have to wait for the Dart Gp results (but the April Trading Statement said profits would be in line with forecasts); but on the face of it it looks like the correct decision was made for the Company and its staff. Sure there were some unhappy clients, a difficult call made correctly???
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