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Thomas Cook-My Trouble to shed airframes and crews

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Thomas Cook-My Trouble to shed airframes and crews

Old 22nd May 2008, 15:50
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Rumours of booking being down are everywhere, but TCX have 18% less holidays left to sell than they did last year.
Like everyones said, TCX aren't shedding any airframes, theyre actively looking at replacing the older ones.
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Old 22nd May 2008, 16:02
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Fact is, the UK like most of western Europe and the USA is in a financial mess caused by the greed driven banking sector who threw good money after bad into the bottom end of the US mortgage market not to mention the boys in OPEC who are laughing all the way to the bank.

The airline industry is being crippled by rising fuel costs along with the motorist and haulage industry and anyone who talks about a 'fuel blip' is in a state of dellusion. ALL airlines in the UK, whether we like it or not, are having to consider reducing their costs and that will inevitably lead the bean-counters to consider fleet reductions.
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Old 22nd May 2008, 18:24
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anyone who talks about a 'fuel blip' is in a state of dellusion
no we are not.

Yes we have to wether the storm, but it is a storm, not a permanent new state of affairs. Anyone that thinks it is, is in a state of delusion!
all the arguments that people are advancing for permanently high oil prices, i've heard before, in 1987, in the 90's tech stock boom, in the recent cheap credit / leveraged investment / property boom. And guess what - they all corrected back to a sane level.
The higher these oil prices rise - the harder they will fall, just like any other investment product that is 'overbought'. Look at the oil price chart - forget all the emotion and bullpoo about 'oil' and politics and just view it as a financial instrument - now tell me that you think that trend is going to continue.
Yes we all need to make sure that we survive the immediate future. but as I said, making long term business plans on this oil price is a mistake - it won't last.

I think the more serious worry to our industry is the impending recession and huge reduction in consumer spending - THAT is a worry, as it is not a tempory abberation - the boom of the last decade was the abberation - this is a return to normality, although the pendulum will naturally swing the other way before stabalsing, and the 'good times' (yeah right!) of the last decade will not return.
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Old 22nd May 2008, 21:29
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I can tell you now MYT don't have an 800 million black hole to play with right now & if they do it's well hidden from those on the ground. The plush office in Rochdale known as Holiday House has been sold off to Zen Internet - MYT only now occupies 1 wing, instead of the whole building as most functions have been taken under the Thomas Cook wing with Accenture. There are actually more techy staff left in Rochdale now because MYT invested so much in technology that they cant really afford to let the knowledge walk out the door. Having said that, alot of people have been complaining that since the merger the IT internally has got alot worse as Thomas Cook take over responsibility for looking after bits of it, someone else looks after other bits and then start passing the buck.

It's the travel industry though and was it not ever thus? I've seen a fair few companies come & go in my career through mergers etc - they all have their transition periods and this, I guess, is just that in this case.

At the end of it all, they now have what I think is the largest travel group in Europe so they're in a pretty damn good market position, provided the cash keeps holding in the market consumer wise in the current conditions
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Old 22nd May 2008, 21:44
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"Some support positions were placed under consultation". Can anyone explain what that means?
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Old 22nd May 2008, 22:06
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"Some support positions were placed under consultation". Can anyone explain what that means?
The formal process of job reviews has been started between employer / employees / union & trade representatives with a view to probable job losses as outlined in UK employment law
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Old 23rd May 2008, 06:56
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757_Driver said:

all the arguments that people are advancing for permanently high oil prices, i've heard before, in 1987, in the 90's tech stock boom, in the recent cheap credit / leveraged investment / property boom. And guess what - they all corrected back to a sane level.
I used to sell petrol at 3 gallons to the pound, that was a sane level. And guess what - I'm still waiting for it to correct back to a sane level (but not holding my breath.)

Guess I'll just have to get used to 'high' oil prices.
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Old 23rd May 2008, 08:38
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"What a few of you fail to comprehend, is that most of the MYT bosses have gone. Thomas Cook is now run predominantly by ex Thomas Cook management.".. err?

Maybe true for the Tour Ops side but not for the airline...
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Old 23rd May 2008, 08:48
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Alwaysairbus
True for flight ops and cabin crew management, but a lot of the other airline managers were TCX. Commercial, ops, rostering, crewing.
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Old 23rd May 2008, 13:16
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AlwaysAirbus:

Err?

Re-read my all of my post, not just the first few words. Err?

"The airline with it's ex myt managment mafia are just a tiny bit of the big Thomas Cook...."
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Old 23rd May 2008, 15:13
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I live in Bahrain and it's about 13p per litre. It's all tax in the UK folks.
I don't think aviation fuel is subjected to the same tax levels at all.

There's always dark talk of secret subsidies that the Gulf carriers receive, but hey, it's a rumour site. Check out how close the seat prices are Bahrain to London between BA and Gulf Air (the only two carriers). Always within a gnat's knacker, price-wise. And expensive. Tell me it's a coincidence that happens year in, year out!

I note that the thread starter has not responded to any of this.
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Old 25th May 2008, 09:00
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Most Middle East Airlines tanker round trip fuel to India and Pakistan. But on other sectors no.

Nobody knows how they price jet fuel in the gulf to themselves.

When you own both the Airline, the Airport, the local Airspace and ATC, the Jet fuel supplier, the Catering company, the Ground handling, the Ticket sales agency, the ground you walk on etc. AND THE OIL WELL.

Does it matter what you charge yourself.

You always WIN!

The Middle East Rules OK
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Old 25th May 2008, 10:13
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Back to the point in question pleease!!

If It's all right guys and gals, can we come back to the orignator ta! Are TC going to be shedding airframes later this year(757's), will they be replaced as their sent back, but more importantly, will they be recruiting again this coming winter?(preferably non-TR candidates, no offence)

Heard it's a toss up between 737 900's and meaty A321's!

T
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Old 25th May 2008, 15:56
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That he can be VP Training for EK. koi-please let us know who your "industry sources" are. Fellow MS simmers perhaps?

Last edited by 763 jock; 25th May 2008 at 16:06.
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Old 25th May 2008, 20:21
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752s start to go back to the lease companies this year (not sure on specifics - last I heard 1 was going back in Nov, another 2 going in April). No decision as yet on replacements - as has already been mentioned leases cannot be extended as the lease companies have set them up as freighters. As of earlier this year it was a toss-up between 737-900s and A321IGWs to replace them.
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Old 25th May 2008, 23:33
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HARMAN.....two plus two makes 12 eh? I thought tedious (or was it tenuious) link was something on the Chris Moyles show.

(added to reduce crypticness.... http://www.bbc.co.uk/wales/mid/sites...ous_link.shtml )

Last edited by Down Three Greens; 26th May 2008 at 14:42.
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Old 26th May 2008, 09:09
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As it says on the packaging this is a rumour network

Never believe a rumour until it has been officially denied!!!
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Old 1st Jun 2008, 17:49
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In the absence of a shred of substance, could this thread please be re-titled "attention seeking prat wastes everybody's time"
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Old 1st Jun 2008, 20:22
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I hear that both of the 763's are due to go on lease
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Old 2nd Jun 2008, 00:02
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Both 763's are planned to do the hajj this year towards the end of the summer, as the hajj is slightly earlier this year th 330's are tied up with the longhaul program. The 763's for the hajj will be crewed with TCX flight crew so there goes another rumour. After a few hiccups all is becoming good at TCX and no airframe losses.
As has been said it would be nice to know the source of this rumour !
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