Thomas Cook-2

[nowhereasfiled]

Perhaps IAG might be interested in buying out Thomas Cook UK to expand LEVEL. They operate the same fleet after all and would give them instant expansion with access to aircraft, slots and crews.

[hec7or]

the airline is what has kept the company afloat over the past year,

Since the airline is only operating IT for Thomas Cook, how is it keeping the company afloat?

[SealinkBF]

Originally Posted by USERNAME_

Pardon my ignorance, but would this be good or bad for the airline? Immediately strikes me as negative.

Virgin. TCX are a thorn in their Manchester operations.

[Cazza_fly]

Originally Posted by hec7or

Since the airline is only operating IT for Thomas Cook, how is it keeping the company afloat?

It operates long-haul scheduled services, flight-only sales on short-haul flights and charter flights for other clients too. There's a lot more to it than IT flights for Thomas Cook group. As for it keeping everything afloat, well i couldn't comment on that, but they've certainly not been doing bad.

[pholling]

Originally Posted by hec7or

Since the airline is only operating IT for Thomas Cook, how is it keeping the company afloat?

As mentioned by others the airline(s) is/are profitable but not highly so. This means that their profit alone isn't enough for TC to pay its current debts and fund additional capital investment. The issue with selling the airline is that to be worth more to someone else it will either take efficiencies on the ops side or revenue enhancements. TC are currently stipulating a lot of future seat availability on specific routes and probably at specific prices. This significantly reduces the NPV of the airline to potential suitors. As for the purchase of new aircraft. This should be no problem for the airline itself, it would be the overall group's finances that would be the issue.

[USERNAME_]

Lufthansa are reportedly interested...

(in German).
https://www.sueddeutsche.de/wirtscha...ansa-1.4320431

[monarchnew]

Originally Posted by hec7or

Since the airline is only operating IT for Thomas Cook, how is it keeping the company afloat?

I believe only 55% of the airline capacity is now from the tour operator in the UK. And its even less in Germany with Condor. So whilst its still just over half of its UK capacity being filled by the tour operator, the airline is generating plenty of business themselves. Times have certainly changed between the airline and tour operator, they no longer solely rely on each other as they once did.

[nowhereasfiled]

Originally Posted by USERNAME_

Lufthansa are reportedly interested...

Interesting, might we see Thomas Cook become Eurowings?

[8674planes]

Lufthansa will only be interested in the Condor long haul slots rather than the aircraft themselves. If a sale of Condor does occur. I'd expect the 767's to be turned into Freighters.

[Cazza_fly]

Originally Posted by nowhereasfiled

Interesting, might we see Thomas Cook become Eurowings?

I'd say we'd most likely see the same Thomas Cook / Condor brands and operation continuing as we do today? Obviously some efficiencies would be able to be made as well as the option for more interlining and connecting flight possibilities. Longhaul flights in Germany outside of the leisure ops would probably be suited under the Eurowings brand, retaining Condor once again primarily for the IT and leisure market.

[Jonty]

Originally Posted by 8674planes

Lufthansa will only be interested in the Condor long haul slots rather than the aircraft themselves. If a sale of Condor does occur. I'd expect the 767's to be turned into Freighters.

Thats going to happen wether the airline is sold or not. Plans for the fleet replacement are well advanced.

[FFMAN]

Classic Pprune at work here, 'Strategic Review' gets translated by all the armchair experts into a 'sale'; 'they're making a loss' and all sorts of other made up nonsense presented as fact.
TCX is a profitable airline. Proves what I have thought for a while....that the majority of posters on Pprune don't know what they're talking about It's not about rumours any more - just guesswork, speculation and idle gossip

the well regarded Condor name

Well the name is well regarded by some Germans for somewhat dubious Germanic historical reasons - the airline product however is crap. Having recently flown long haul with them ex FRA on a 767 and having experienced TCX A330s - you would go for the latter every time

[SWBKCB]

Classic PPRuNe at work here, 'Strategic Review' gets translated by all the armchair experts into a 'sale';

To be fair, the business pages of today's Times discusses Thomas Cook and references the sale of the airline in two seperate articles.

[southside bobby]

FFMAN...

Hardly & with this week the Thomas Cook CEO noting the airline division has "great" airport slots inc FRA/MUC/MAN & LGW that has more the appearance of a beauty parade.

He also stated they are considering all options when it comes to divestment of individual airline units but could not divulge any more.

So hardly speculation on here...Other worthies reporting the "news" includes The Daily Mail...Daily Star...Mirror... & Reuters.

Actual stats for Thomas Cook last year are elsewhere recorded as operating profit increased to £129m based on revenue of £3.5b & more than 20m pax carried in 2018.

[nowhereasfiled]

G-TCDX operating EXT-KRK-EXT ‘day trip’ today. Anybody know why?
Can’t think of any sporting events which might require this particular charter

[Down Three Greens]

Originally Posted by nowhereasfiled

G-TCDX operating EXT-KRK-EXT ‘day trip’ today. Anybody know why?
Can’t think of any sporting events which might require this particular charter

There might be a somber reason for exploring the history around there. It’s a regular sub charter.

[yeo valley]

My money is on Newmarket. They do lots of day trips to cities around Europe from many UK airports.

[LiamNCL]

Not uncommon to see Thomas Cook or Jet2 operating charters to KRK during the winter season.

[OltonPete]

Krakow

Originally Posted by nowhereasfiled

G-TCDX operating EXT-KRK-EXT ‘day trip’ today. Anybody know why?
Can’t think of any sporting events which might require this particular charter

Often in Feb and March day trips are older school children on awareness/history trips to the concentration camps and I have been told that these are often part-funded by Jewish charities.

Pete

[southside bobby]

Thomas Cook enlisting the help of Credit Suisse, Morgan Stanley & Bank of America Merrill Lynch to explore the sale of its airline business according to Reuters.