Airlines, Airports & Routes Topics about airports, routes and airline business.

Thomas Cook-2

Old 20th May 2019, 08:08
  #481 (permalink)  
 
Join Date: Mar 1999
Location: big green wheely bin
Posts: 633
Originally Posted by rog747 View Post
If the CAA are doing this now then they have grave concerns about TCK's imminent future - sadly the damage is obvious, but we hope the Company does manage to survive.
No rescue flights are being organised.
Businesses fail because they run out of cash. The share price could sit at 1p as long as the business has cash it will survive. It could well fall into the hands of the hedge funds or its lenders like Debenhams, but that won’t affect holidays people have booked. You can shop in Debenhams today, just as well as you could last year. Same with Flybe. Monarch failed because it’s loses were unsustainable, Thomas cook is still generating a profit from operations, and has in the region of £500m headroom for this winter. It’s winter loses did increase but only by about £70m compared to last year.
Thomas cook, like all tour operators at this time of year is at its peak cash flow. Some people will cancel their trips because of this, but they will lose their deposits and Thomas cook will be able to resell their holidays at a discount while making even more money on it.
I have no doubt Thomas cook will be a very different company in the coming months. But I would be very surprised if it stopped trading altogether.
Jonty is offline  
Old 20th May 2019, 09:22
  #482 (permalink)  
 
Join Date: Aug 2008
Location: bishops stortford herts
Posts: 1,304
Rescue flights...

Not adding to the rumour mill but only pointing out mind.

Almost everyone looked the other way when chartered a/c positioned at STN ready for the MON `rescue` flights five clear days before the collapse.

Only saying.
southside bobby is offline  
Old 20th May 2019, 09:34
  #483 (permalink)  
 
Join Date: Dec 2011
Location: UK
Posts: 22
Originally Posted by southside bobby View Post
Rescue flights...

Not adding to the rumour mill but only pointing out mind.

Almost everyone looked the other way when chartered a/c positioned at STN ready for the MON `rescue` flights five clear days before the collapse.

Only saying.
And is there evidence of aircraft appearing anywhere unexpectedly ready to swoop in and rescue the deserted holiday makers?? I personally have seen no evidence of this?

Whilst I agree the media needs the right to report facts, its absolute hysteria that they are reporting. Typical case of click bait. Lets hope they move on to something else in the coming days when the company continue to trade as normal. They'll soon get bored.
monarchnew is offline  
Old 20th May 2019, 11:05
  #484 (permalink)  
 
Join Date: Jan 2002
Location: North West
Posts: 40
Rescue flights?

where are these so called rescue flights being reported? I havenít seen any reports saying that? Probably because itís not true! But why let the truth get in the way of blood thirsty people hey?
NormanDLandings is offline  
Old 20th May 2019, 12:47
  #485 (permalink)  
 
Join Date: Oct 2018
Location: Glasgow
Posts: 46
Iím a shareholder, and was a Thomas Cook shareholder until this morning. Myself and many of shareholder colleagues stopped sharing into Thomas Cook, you clearly donít know how it works, your a 7 year old kid who has no brain
Jet2_GLA is offline  
Old 20th May 2019, 12:54
  #486 (permalink)  
 
Join Date: Nov 2010
Location: Scotland
Age: 60
Posts: 251
Originally Posted by Jet2_GLA View Post
Iím a shareholder, and was a Thomas Cook shareholder until this morning. Myself and many of shareholder colleagues stopped sharing into Thomas Cook, you clearly donít know how it works, your a 7 year old kid who has no brain
if you are no longer a shareholder then probably best to leave the thread. Lots of exaggerated scaremongering going here in relation to TC which is not helping the staff there at present my daughter being one of them.
ScotsSLF is offline  
Old 20th May 2019, 13:01
  #487 (permalink)  
 
Join Date: Oct 2018
Location: Glasgow
Posts: 46
Originally Posted by ScotsSLF View Post


if you are no longer a shareholder then probably best to leave the thread. Lots of exaggerated scaremongering going here in relation to TC which is not helping the staff there at present my daughter being one of them.
I donít need to leave the thread. Iím just telling you that me as well as many others stop being shareholders with Thomas Cook as none of us have confidence they are financially stable nor do we believe they will pull through. We believe they will collapse by Friday.
Jet2_GLA is offline  
Old 20th May 2019, 13:06
  #488 (permalink)  
 
Join Date: Mar 2013
Location: UK
Age: 49
Posts: 1,038
Originally Posted by Jet2_GLA View Post
We believe they will collapse by Friday.
A quote worth banking....
VickersVicount is online now  
Old 20th May 2019, 13:07
  #489 (permalink)  
 
Join Date: Feb 2018
Location: Lancashire
Posts: 27
Rescue flights

Heaven forbid it will come to this, for the customers and staff.

With current problems with the MAX and 787 engines, most of the wet lease aircraft are busy covering these shortfalls.

Where would you find airframes unless they used TC crew.
Garstag is online now  
Old 20th May 2019, 13:09
  #490 (permalink)  
 
Join Date: Oct 2018
Location: Glasgow
Posts: 46
Originally Posted by Garstag View Post
Heaven forbid it will come to this, for the customers and staff.

With current problems with the MAX and 787 engines, most of the wet lease aircraft are busy covering these shortfalls.

Where would you find airframes unless they used TC crew.
I think they will use Airbus Fleet, like A320s and airlines that donít use Boeing.
Jet2_GLA is offline  
Old 20th May 2019, 13:19
  #491 (permalink)  
 
Join Date: Oct 2017
Location: London
Posts: 210
Originally Posted by Jet2_GLA View Post
your a 7 year old kid who has no brain
Youíre*

The only person who appears to be a 7 year old with no brain here, is you.
If by any chance you really were a shareholder at TC until this morning, then on behalf of us all, good riddance.
USERNAME_ is online now  
Old 20th May 2019, 13:40
  #492 (permalink)  
 
Join Date: Jul 2006
Location: STANSTED & MANCHESTER
Posts: 1,756
Originally Posted by ScotsSLF View Post


if you are no longer a shareholder then probably best to leave the thread. Lots of exaggerated scaremongering going here in relation to TC which is not helping the staff there at present my daughter being one of them.
I sold all my shares this morning, if this was happening at the start of Q4 I wouldnít be that worried but the start of summer season tells you a lot.

I would be careful about trying to police this group you have no authority to be telling people to leave.
daz211 is offline  
Old 20th May 2019, 13:40
  #493 (permalink)  
 
Join Date: Feb 2018
Location: Lancashire
Posts: 27
Originally Posted by Jet2_GLA View Post


I think they will use Airbus Fleet, like A320s and airlines that donít use Boeing.
but where from, Titan are covering TUI with there Airbus and Boeing aircraft, Olympus have supplied 3 Airbus to TUI.
Hifly are using a shed load of Airbus to cover Norwegian and other companies.
Garstag is online now  
Old 20th May 2019, 13:52
  #494 (permalink)  
 
Join Date: Jul 2006
Location: STANSTED & MANCHESTER
Posts: 1,756
Originally Posted by Garstag View Post


but where from, Titan are covering TUI with there Airbus and Boeing aircraft, Olympus have supplied 3 Airbus to TUI.
Hifly are using a shed load of Airbus to cover Norwegian and other companies.
If or when it happens, Aircraft donít ha e to come from European Airlines, just look at Monarch where Qatar were used and donít forget the Americans were down to help.
daz211 is offline  
Old 20th May 2019, 13:57
  #495 (permalink)  
 
Join Date: Apr 2003
Location: Northumberland
Posts: 4,615
If or when it happens, Aircraft don’t ha e to come from European Airlines, just look at Monarch where Qatar were used and don’t forget the Americans were down to help.
And of course the 787 and MAX issues are only happening in Europe. Some agenda's being played out here....
SWBKCB is online now  
Old 20th May 2019, 14:31
  #496 (permalink)  
 
Join Date: Oct 2018
Location: Glasgow
Posts: 46
Originally Posted by Garstag View Post


but where from, Titan are covering TUI with there Airbus and Boeing aircraft, Olympus have supplied 3 Airbus to TUI.
Hifly are using a shed load of Airbus to cover Norwegian and other companies.
Possibly Germania again like Monarch did and other carriers, or even Thomas Cooks own fleet. For Example, TCX crew fly it to help passengers, or the UK Government can allow Thomas Cook to fly for 4 weeks to help passengers, like AirBerlin.
Jet2_GLA is offline  
Old 20th May 2019, 14:40
  #497 (permalink)  
 
Join Date: Aug 2014
Location: BHX
Posts: 314
Im sure no ones going to be stranded if the worst happens plenty of available capacity still available .
Brigantee is offline  
Old 20th May 2019, 14:47
  #498 (permalink)  
 
Join Date: Oct 2018
Location: Glasgow
Posts: 46
Originally Posted by Brigantee View Post
Im sure no ones going to be stranded if the worst happens plenty of available capacity still available .
Hopefully it will be better than when Monarch collapsed, thousands of stranded passengers as only 2 weeks of passengers were brought home, and some had to go to a different UK airport,

Wonder if the CAA will soon be planning rescue flights or not?
Jet2_GLA is offline  
Old 20th May 2019, 14:54
  #499 (permalink)  
 
Join Date: Feb 2016
Location: UK
Posts: 14
Originally Posted by Jonty View Post


No rescue flights are being organised.
Businesses fail because they run out of cash. The share price could sit at 1p as long as the business has cash it will survive. It could well fall into the hands of the hedge funds or its lenders like Debenhams, but that wonít affect holidays people have booked. You can shop in Debenhams today, just as well as you could last year. Same with Flybe. Monarch failed because itís loses were unsustainable, Thomas cook is still generating a profit from operations, and has in the region of £500m headroom for this winter. Itís winter loses did increase but only by about £70m compared to last year.
Thomas cook, like all tour operators at this time of year is at its peak cash flow. Some people will cancel their trips because of this, but they will lose their deposits and Thomas cook will be able to resell their holidays at a discount while making even more money on it.
I have no doubt Thomas cook will be a very different company in the coming months. But I would be very surprised if it stopped trading altogether.
By all accounts the capital that TC holds is the the bulk, if not all customers money. Take that away and it paints a very different picture. TC does not hold big cash reserves of its own, something that the CAA is all too aware of.
Future Rodney King is offline  
Old 20th May 2019, 15:10
  #500 (permalink)  
 
Join Date: Aug 2014
Location: BHX
Posts: 314
Originally Posted by Future Rodney King View Post


By all accounts the capital that TC holds is the the bulk, if not all customers money. Take that away and it paints a very different picture. TC does not hold big cash reserves of its own, something that the CAA is all too aware of.
Doubtless the CAA are fully aware of TC situation and are doubtless keeping a very close eye on developments people donít need to panic there not going to marooned on the other side of the world if the crunch comes
Brigantee is offline  

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.