Thomas Cook financial woes
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m a pilot flying for TCX and the last few days have been awful. After the realisation about just how rotten the PLC management have been (remember, we have to pay the best 'compensation' and bonuses to get the very best people.....) what has been particularly sickening are the advertising campaigns being run by TUI and Ryanair.
I think youre reading too much into it. These adverts are aimed at the financial security/safety. Noone is suggesting the mechanical flying safety of TCX is compromised, and it would need to be a very gullable public to fall for it so I wouldnt lose any sleep over that particular issue.
Believe it or not as Shed-on-a-pole has mentioned, some people dont know the different between Thomson and Thomas Cook despite them being such popular household names. When Thomas Cook show their ads on TV Thomson' bookings surge. I guess this could be said likewise for Thomas Cook when a Thomson ad is shown.
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Bernolli
""""""""""""""Are the advertising people unaware of Girona? Of Bournemouth? Of Paphos? I sincerely hope this 'angle' does not come back to haunt them one day""""""""""""""
you idiot. i do hope your not a pilot. if so, resign.
Girona - massive stroke of bad luck. read the report
Bournemouth - it happens
Paphos - we are human and all make mistakes (if that is the case, wait for report_
with remarks l8ke that i do hope that TCX goes down the drain and you can go on join the job queue. while i get your pax and make even more money.
""""""""""""""Are the advertising people unaware of Girona? Of Bournemouth? Of Paphos? I sincerely hope this 'angle' does not come back to haunt them one day""""""""""""""
you idiot. i do hope your not a pilot. if so, resign.
Girona - massive stroke of bad luck. read the report
Bournemouth - it happens
Paphos - we are human and all make mistakes (if that is the case, wait for report_
with remarks l8ke that i do hope that TCX goes down the drain and you can go on join the job queue. while i get your pax and make even more money.
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Topspotter
The reason l mention it is because TC are going to be looking very closely to all its divisions to reduce its debt.
My guess is it is costing the TC group a lot of money to keep it going, with all its overheads.
When was the last airline in the UK to set up its own maintenance/engineering division, EZY l would say and they did not set that up to the size it is now until they had a very large fleet.
Both First Choice & TCX never set up a large maintenance/engineering division, they only used 3rd parties for hangar checks.
It is a lot cheaper to get MRO companies fighting for your business and l am sure if TOM, TCX and MON were starting up all over again, the last thing they would do is build a hangar.
My guess is it is costing the TC group a lot of money to keep it going, with all its overheads.
When was the last airline in the UK to set up its own maintenance/engineering division, EZY l would say and they did not set that up to the size it is now until they had a very large fleet.
Both First Choice & TCX never set up a large maintenance/engineering division, they only used 3rd parties for hangar checks.
It is a lot cheaper to get MRO companies fighting for your business and l am sure if TOM, TCX and MON were starting up all over again, the last thing they would do is build a hangar.
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I fear TC is another company that is suffering from the effect of APD and higher Uk taxes.
The current costs and retrictions being imposed by the present and past governments are strangling the UK airline industry.
Higher Taxes do not create jobs - spending passengers do.
The current costs and retrictions being imposed by the present and past governments are strangling the UK airline industry.
Higher Taxes do not create jobs - spending passengers do.
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Higher Taxes do not create jobs - spending passengers do
I wouldn't think that the salaries paid to airline/airport -related personnel came anywhere close to the money spent overseas by the holiday-makers.
To that extent APD may be seen to benefit the Treasury twice.
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Topspotter
The reason MAEL are making money at the moment, is that they carry out the bigger checks, 4C on Boeing & 5/6 or 10/12 year checks on Airbus types.
The profit comes from the high man hours generated by these checks, TC at MAN do not carry out those checks.
They send all the bigger checks to an outside MRO in the middle east.
The profit comes from the high man hours generated by these checks, TC at MAN do not carry out those checks.
They send all the bigger checks to an outside MRO in the middle east.
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Pin Head,
Your ripost to Bernolli resembles one of a 5 year old. Whilst he/she could have paraphrased slightly better,your last paragraph is, in my opinion, completely abhorrent.
Sussex Kestrel, still Flying high.
Your ripost to Bernolli resembles one of a 5 year old. Whilst he/she could have paraphrased slightly better,your last paragraph is, in my opinion, completely abhorrent.
Sussex Kestrel, still Flying high.
Relax dear it was only a commercial............that being said, some of the responses are out of order, yes PinHead that's you ! A pal of mine at TCX tells me that the merger four years ago should have seen a great more cost saving synergy ( yuk ) than actually took place and which did take place at TUI. Market share is not the key anymore, what is important is a profitable product and if that means down-sizing and allowing loco's to carry the bucket and spade brigade then so be it.
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Pin Head "mocking of our fellow airmates is not the right thing to do my friend. Is that what they teach you at CRM every year???"
Exactly, pinner, me old. So i'll refer you back to post #124.
Exactly, pinner, me old. So i'll refer you back to post #124.
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Still struggling to see who would book a holiday with TCX, unless it's much cheaper (which brings another range of problems).
There will be unfortunate radical restructuring ahead.
The concern is how badly the brand is damaged.
There will be unfortunate radical restructuring ahead.
The concern is how badly the brand is damaged.
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Its a huge problem, doubtless many people who were going to book with TCX will now be looking to book with a perceived "safer" operator thanks to the recent press feeding frenzy
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....and the moon is made of cream cheese.
Sorry.....
Arab spring......
Waisted western economies....
Economic desert to come.....
Advent of low cost carriers....
High cost of holidays abroad.....
Advent of Expedia and similar.....
Massive unemployment......
(plus others) all equal pretty much the end of the charter market.....sorry but there it is.
Add poor aircraft utilisation and over crewing (source, this weeks Sunday Times) mean the end is in sight. question is will TUI save it with a purchase/merger?
Otherwise its a slow death.
Sorry but no other result is possible.
ps please let me get my pension money out first.
pps why are they completly restructing the pension portfolio?
ppps is there any corrolation between pension restructure and the current financial situation occuring at the same time?
Sorry.....
Arab spring......
Waisted western economies....
Economic desert to come.....
Advent of low cost carriers....
High cost of holidays abroad.....
Advent of Expedia and similar.....
Massive unemployment......
(plus others) all equal pretty much the end of the charter market.....sorry but there it is.
Add poor aircraft utilisation and over crewing (source, this weeks Sunday Times) mean the end is in sight. question is will TUI save it with a purchase/merger?
Otherwise its a slow death.
Sorry but no other result is possible.
ps please let me get my pension money out first.
pps why are they completly restructing the pension portfolio?
ppps is there any corrolation between pension restructure and the current financial situation occuring at the same time?
The reason MAEL are making money at the moment, is that they carry out the bigger checks, 4C on Boeing & 5/6 or 10/12 year checks on Airbus types.
The profit comes from the high man hours generated by these checks, TC at MAN do not carry out those checks.
They send all the bigger checks to an outside MRO in the middle east.
The profit comes from the high man hours generated by these checks, TC at MAN do not carry out those checks.
They send all the bigger checks to an outside MRO in the middle east.
Still struggling to see who would book a holiday with TCX, unless it's much cheaper (which brings another range of problems).
There will be unfortunate radical restructuring ahead.
The concern is how badly the brand is damaged.
There will be unfortunate radical restructuring ahead.
The concern is how badly the brand is damaged.
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Waco,
Not sure that poor aircraft utilisation and over crewing are the problem. Our route structure now is far different to that say of the JMC days of 3 rotations per day.... Not many IBZ, PMI, AGP's but more Egypt, Turkey, Canaries etc.... And the airline have probably got it spot on with crew utilisation (it hurts to say)- ask most guys and they'll probably say they've been strapped into an aircraft for most of last summer. The airline continues to be a flying shop- the figures are there for all to see. And that, in part, is thanks to the cabin crew.
As for the group- unfortunately, the problems have been staring at all of us for a couple of years now- though the directors seemingly haven't spotted them. Website, high street, product (arguably) ...... Feedback offered to the company(group) by experienced employees has fallen on deaf ears.
Brakes Hot
You're right about the hangar - c checks only. But condor booked in for next summer and other work offering around £3m apparently so seems they're getting that one right.
SK
Not sure that poor aircraft utilisation and over crewing are the problem. Our route structure now is far different to that say of the JMC days of 3 rotations per day.... Not many IBZ, PMI, AGP's but more Egypt, Turkey, Canaries etc.... And the airline have probably got it spot on with crew utilisation (it hurts to say)- ask most guys and they'll probably say they've been strapped into an aircraft for most of last summer. The airline continues to be a flying shop- the figures are there for all to see. And that, in part, is thanks to the cabin crew.
As for the group- unfortunately, the problems have been staring at all of us for a couple of years now- though the directors seemingly haven't spotted them. Website, high street, product (arguably) ...... Feedback offered to the company(group) by experienced employees has fallen on deaf ears.
Brakes Hot
You're right about the hangar - c checks only. But condor booked in for next summer and other work offering around £3m apparently so seems they're getting that one right.
SK
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SK
Interesting input thanks. Info was as published by this weeks Sunday Times in comparisson with Thompson.
As an insider can you give me a heads up why they are playing around with my pension?????
Interesting input thanks. Info was as published by this weeks Sunday Times in comparisson with Thompson.
As an insider can you give me a heads up why they are playing around with my pension?????