Thomas Cook-2
Join Date: Jul 2006
Location: STANSTED & MANCHESTER
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Anyone that have booked a tqt with Thomas Cook without a plan B lately is by definition not bright.
And I reserve the right to point that out.
I do not depend on mass tourism for the poor for my position as You believe.
I am considering switching to Corporate or Cargo as I am well cured of the flying masses.
And I reserve the right to point that out.
I do not depend on mass tourism for the poor for my position as You believe.
I am considering switching to Corporate or Cargo as I am well cured of the flying masses.
im sure if they had known they would have booked with the likes of Jet2 or TUI.
I would say the crew that joined from Monarch would or should have known a lot more the the paying passenger of the risk they were taking and maybe it’s them that should have had a plan B.
There is no one that needs to go from manchester to anywhere if the airline were to fold. If you told me the aircraft was going to ALC or TFS or PMI then I’d put more credence in the a/c being a repatriation a/c. It flying to man makes no sense. Extra flight (empty) so extra cost, no crew and no parking.
Join Date: Feb 2001
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There is no one that needs to go from manchester to anywhere if the airline were to fold. If you told me the aircraft was going to ALC or TFS or PMI then I’d put more credence in the a/c being a repatriation a/c. It flying to man makes no sense. Extra flight (empty) so extra cost, no crew and no parking.
Join Date: Mar 2019
Location: Uk
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Whilst I agree with you about 20,000 job losses being a big deal, I think the fact customers pay to keep us, and many others, in jobs it is fair to say there should still be a degree of sympathy for people who will have their holidays cancelled at very short notice. A lot of normal, working class people save all year for that one holiday and it’s difficult for them.
I do think the media is milking stories of “stranded pax” but this is the sort of world we live in now.
Join Date: Jul 2006
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Qatar positioned Aircraft to the UK in preparation for the Monarch rescue flights, if I remember correctly there was 3 sat at Stansted for days before the airlift began.
Join Date: Mar 2013
Location: UK
Age: 53
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Join Date: Nov 2006
Location: Edinburgh
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There is no one that needs to go from manchester to anywhere if the airline were to fold. If you told me the aircraft was going to ALC or TFS or PMI then I’d put more credence in the a/c being a repatriation a/c. It flying to man makes no sense. Extra flight (empty) so extra cost, no crew and no parking.
The crew for the first flights are probably already in place.
Join Date: Nov 2005
Location: Cardiff
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From what I've seen there's been very little factual discussion on this thread. Just people spotting planes, adding negative opinion without thoughts for those potentially affected by job losses and people throwing around random bits of speculation actually thinking they are helping. It's amazing how it brings posters out of the wood work when things are going wrong.
It's clear to see that Thomas Cook are in a very poor financial situation, so the question begs, if they get the £200m, what happens after this winter? What if summer bookings don't make expectations, then next thing you know it's winter again and money dried up.
The fact that they have £1.7b of debt and have paid £1.2bn in interest payments since 2011. A quarter of it's revenue earned in sales goes on interest payments. So the question is, how sustainable is the business without the debt? Would an investor seriously come in and try to wipe out much of the debt? Would the reduced bookings from the good UK summers and Brexit uncertainty not matter without the debt payments or would the business still be losing money if they aren't set up for downward turns?
A £200m injection to get through the winter isn't going to be enough if it can't reduce the debt payments.
https://www.theguardian.com/business...uA_YiWZ6GqhmCo
It's clear to see that Thomas Cook are in a very poor financial situation, so the question begs, if they get the £200m, what happens after this winter? What if summer bookings don't make expectations, then next thing you know it's winter again and money dried up.
The fact that they have £1.7b of debt and have paid £1.2bn in interest payments since 2011. A quarter of it's revenue earned in sales goes on interest payments. So the question is, how sustainable is the business without the debt? Would an investor seriously come in and try to wipe out much of the debt? Would the reduced bookings from the good UK summers and Brexit uncertainty not matter without the debt payments or would the business still be losing money if they aren't set up for downward turns?
A £200m injection to get through the winter isn't going to be enough if it can't reduce the debt payments.
https://www.theguardian.com/business...uA_YiWZ6GqhmCo
Join Date: Feb 2019
Location: london
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From what I've seen there's been very little factual discussion on this thread. Just people spotting planes, adding negative opinion without thoughts for those potentially affected by job losses and people throwing around random bits of speculation actually thinking they are helping. It's amazing how it brings posters out of the wood work when things are going wrong.
It's clear to see that Thomas Cook are in a very poor financial situation, so the question begs, if they get the £200m, what happens after this winter? What if summer bookings don't make expectations, then next thing you know it's winter again and money dried up.
The fact that they have £1.7b of debt and have paid £1.2bn in interest payments since 2011. A quarter of it's revenue earned in sales goes on interest payments. So the question is, how sustainable is the business without the debt? Would an investor seriously come in and try to wipe out much of the debt? Would the reduced bookings from the good UK summers and Brexit uncertainty not matter without the debt payments or would the business still be losing money if they aren't set up for downward turns?
A £200m injection to get through the winter isn't going to be enough if it can't reduce the debt payments.
https://www.theguardian.com/business...uA_YiWZ6GqhmCo
It's clear to see that Thomas Cook are in a very poor financial situation, so the question begs, if they get the £200m, what happens after this winter? What if summer bookings don't make expectations, then next thing you know it's winter again and money dried up.
The fact that they have £1.7b of debt and have paid £1.2bn in interest payments since 2011. A quarter of it's revenue earned in sales goes on interest payments. So the question is, how sustainable is the business without the debt? Would an investor seriously come in and try to wipe out much of the debt? Would the reduced bookings from the good UK summers and Brexit uncertainty not matter without the debt payments or would the business still be losing money if they aren't set up for downward turns?
A £200m injection to get through the winter isn't going to be enough if it can't reduce the debt payments.
https://www.theguardian.com/business...uA_YiWZ6GqhmCo
none of us want to see Thomas cook go down, but the inevitable seems to be coming to fruition so people need to get their heads out the sand.
What is the actual pay date for TC staff ?
It is always a good guide about whether a company will go any further as many go bust the day before the cash is out of the bank for staff pay.
Changing teh law such that owed pay becomes 1st preferential creditor even above everybody else (not redundancy) just owed pay and pension contributions should be a must.
It is always a good guide about whether a company will go any further as many go bust the day before the cash is out of the bank for staff pay.
Changing teh law such that owed pay becomes 1st preferential creditor even above everybody else (not redundancy) just owed pay and pension contributions should be a must.
Join Date: Oct 2017
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Friday 27th.
Delay line reckons DLM 2015 report is going on time. Unless told otherwise by the company I will still be going.
I remember fondly when I was at Monarch reading similar posts, aircraft flying over ready to repatriate pax, and we got a last minute bailout.
Delay line reckons DLM 2015 report is going on time. Unless told otherwise by the company I will still be going.
I remember fondly when I was at Monarch reading similar posts, aircraft flying over ready to repatriate pax, and we got a last minute bailout.
Join Date: Nov 2005
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No doubt that things are in a very bad way, but it's the insensitiveness of the forum warriors that want to speculate on every little detail and be the first to post it for some sense of worth like they are giving something to the people that read the forum. It would be a much better forum if posts were factual and had substance.
Join Date: Sep 2009
Location: England
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Sad as it may be, the ‘spotter’ type posts regarding various aircraft movements starting to appear around Europe (and further afield) were extremely valuable during the MON almost collapse in 2016, and again I’m keeping my eyes open for hopefully a similar event this time with TCX.
The aircraft posts give us all (me) a bloody good indication of what’s going on.
I said my goodbyes to all my colleagues today, but remain optimistic I’ll see them again very soon
The aircraft posts give us all (me) a bloody good indication of what’s going on.
I said my goodbyes to all my colleagues today, but remain optimistic I’ll see them again very soon
Join Date: Aug 2013
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Sad as it may be, the ‘spotter’ type posts regarding various aircraft movements starting to appear around Europe (and further afield) were extremely valuable during the MON almost collapse in 2016, and again I’m keeping my eyes open for hopefully a similar event this time with TCX.
The aircraft posts give us all (me) a bloody good indication of what’s going on.
I said my goodbyes to all my colleagues today, but remain optimistic I’ll see them again very soon
The aircraft posts give us all (me) a bloody good indication of what’s going on.
I said my goodbyes to all my colleagues today, but remain optimistic I’ll see them again very soon