Dave-G Posted September 23, 2019 Report Share Posted September 23, 2019 I've often felt foreign holidays are too cheap to sustain a realistic profit compared to the size of the airlines and the huge amount of money tied up. Well the worries that TJ's might go has come about - they've bit the dust and I rather hope this makes airlines up their prices to become more profitable and maybe that will lead to more holidays in this country - with a bit less pollution as a bonus. Quote Link to comment Share on other sites More sharing options...
sam triple Posted September 23, 2019 Report Share Posted September 23, 2019 (edited) Their problem was that they were probably too expensive rather than cheap compared to Easy jet and Ryan air ,none of whom I believe had high street shops to prob up like TCs had ,I can honestly say I’ve never used a travel agent for holidays always booked flights and hotels ourselves,why pay someone else to do what we can and I’m guessing a lot of other people have done they same ,great shame for their employees though a work mate has just lost £5k for a hol to Mexico he was due to go on next week to TCs,hes unsure if he will get his money back Edited September 23, 2019 by sam triple Quote Link to comment Share on other sites More sharing options...
markm Posted September 23, 2019 Report Share Posted September 23, 2019 Inevitable due to changing shopping habits and use of the internet. It just so happens this one has taken longer than others..... In airports, TC planes landed before the budget airlines and also departed well after, combine that with the current financial situation, it was inevitable.... Quote Link to comment Share on other sites More sharing options...
figgy Posted September 23, 2019 Report Share Posted September 23, 2019 Thomas Cook was the worst flight my wife and I have ever taken. Not good when one of the original holiday companies goes bust. Quote Link to comment Share on other sites More sharing options...
filzee Posted September 23, 2019 Report Share Posted September 23, 2019 Well that’s my flights to Florida in 2 weeks ********. Hopefully find replacement flights pretty soon Quote Link to comment Share on other sites More sharing options...
oldypigeonpopper Posted September 23, 2019 Report Share Posted September 23, 2019 4 hours ago, sam triple said: Their problem was that they were probably too expensive rather than cheap compared to Easy jet and Ryan air ,none of whom I believe had high street shops to prob up like TCs had ,I can honestly say I’ve never used a travel agent for holidays always booked flights and hotels ourselves,why pay someone else to do what we can and I’m guessing a lot of other people have done they same ,great shame for their employees though a work mate has just lost £5k for a hol to Mexico he was due to go on next week to TCs,hes unsure if he will get his money back hello, should be as a stated this morning through ABTA or ATOL, and maybe if paid with credit card, Quote Link to comment Share on other sites More sharing options...
sam triple Posted September 23, 2019 Report Share Posted September 23, 2019 5 minutes ago, oldypigeonpopper said: hello, should be as a stated this morning through ABTA or ATOL, and maybe if paid with credit card, latest hes heard it could take 2 months for a refund Quote Link to comment Share on other sites More sharing options...
oldypigeonpopper Posted September 23, 2019 Report Share Posted September 23, 2019 10 minutes ago, sam triple said: latest hes heard it could take 2 months for a refund hello, i expect even longer for the million who booked a holiday when they knew it was going bust Quote Link to comment Share on other sites More sharing options...
bostonmick Posted September 23, 2019 Report Share Posted September 23, 2019 This in part is payback I guess for years of cheap package holidays. People in the past saying how they got all inclusive for a few hundred pounds all over the world. Hopefully this will bring about the true cost of holidays and work on the theory if you can't afford it you can't have it. Quote Link to comment Share on other sites More sharing options...
Dave-G Posted September 23, 2019 Author Report Share Posted September 23, 2019 1 hour ago, bostonmick said: This in part is payback I guess for years of cheap package holidays. People in the past saying how they got all inclusive for a few hundred pounds all over the world. Hopefully this will bring about the true cost of holidays and work on the theory if you can't afford it you can't have it. That's a better choice of wording than my opening post. Quote Link to comment Share on other sites More sharing options...
TIGHTCHOKE Posted September 23, 2019 Report Share Posted September 23, 2019 1 hour ago, bostonmick said: This in part is payback I guess for years of cheap package holidays. People in the past saying how they got all inclusive for a few hundred pounds all over the world. Hopefully this will bring about the true cost of holidays and work on the theory if you can't afford it you can't have it. 8 minutes ago, Dave-G said: That's a better choice of wording than my opening post. But what will the benefit generation from the sink estates do for relaxation now? Quote Link to comment Share on other sites More sharing options...
Stonepark Posted September 23, 2019 Report Share Posted September 23, 2019 (edited) Problem was not the holidays or their cost but the aquisition/merger of MyTravel resulting in acquisition of debts which with the ongoing through the 2010's additional acquisitions resulted in an annual 25% of revenue going to service interest which is unsustainable, so basically 15 years of **** poor management killed the company. Edited September 23, 2019 by Stonepark Quote Link to comment Share on other sites More sharing options...
TIGHTCHOKE Posted September 23, 2019 Report Share Posted September 23, 2019 Poor management and greedy share holders! Quote Link to comment Share on other sites More sharing options...
Mice! Posted September 23, 2019 Report Share Posted September 23, 2019 One of the rugby lads is in Corfu, he's said folk can't get home as planes are being impounded as they land. But he's on Ryan air 😉 Quote Link to comment Share on other sites More sharing options...
sam triple Posted September 23, 2019 Report Share Posted September 23, 2019 42 minutes ago, TIGHTCHOKE said: Poor management and greedy share holders! prob nearer the truth of it all and the unwillingness to change how it conducts business ,how many times does British business shoot itself in the foot like this ,Army & Navy C&A, BHS , British motor industry ETC ETC Quote Link to comment Share on other sites More sharing options...
henry d Posted September 23, 2019 Report Share Posted September 23, 2019 1 hour ago, TIGHTCHOKE said: Poor management and greedy share holders! Reliance on the high street too. I can`t remember the last time we booked a holiday in a shop, its all been online. Quote Link to comment Share on other sites More sharing options...
washerboy Posted September 23, 2019 Report Share Posted September 23, 2019 Paid £1300 towards my holiday for next October and my 50th birthday. So can't do anything until 30th September when everyone has been flown home etc. Then it's time to book with someone different Quote Link to comment Share on other sites More sharing options...
B725 Posted September 23, 2019 Report Share Posted September 23, 2019 Quote Link to comment Share on other sites More sharing options...
grrclark Posted September 23, 2019 Report Share Posted September 23, 2019 3 hours ago, Stonepark said: Problem was not the holidays or their cost but the aquisition/merger of MyTravel resulting in acquisition of debts which with the ongoing through the 2010's additional acquisitions resulted in an annual 25% of revenue going to service interest which is unsustainable, so basically 15 years of **** poor management killed the company. This. Thomas Cook have been dreadfully managed and the acute problems have been telegraphed since 2011 at least. Also market conditions offer very similar challenges that caused BHS to go pear shaped, why most of Philip Green’s empire is crumbling and why M&S are very soon going to end up on the critical care list. John Lewis are drifting towards that zone too. Quote Link to comment Share on other sites More sharing options...
crazycooker Posted September 23, 2019 Report Share Posted September 23, 2019 Just seen on the news £600 million to us the tax payer to bring everyone home and 1000s our of work or bail em out for £200 million mmmmmm Quote Link to comment Share on other sites More sharing options...
bostonmick Posted September 23, 2019 Report Share Posted September 23, 2019 3 minutes ago, crazycooker said: Just seen on the news £600 million to us the tax payer to bring everyone home and 1000s our of work or bail em out for £200 million mmmmmm There total shortfall was around 1.8 billion. Even bigger mmmmmmm Quote Link to comment Share on other sites More sharing options...
crazycooker Posted September 23, 2019 Report Share Posted September 23, 2019 Ok no hope then lol Quote Link to comment Share on other sites More sharing options...
243deer Posted September 23, 2019 Report Share Posted September 23, 2019 I cannot quite work out why it is the tax payers responsibility to bring folks home. Surely those that have travel insurance should claim on that along with the oft advertised ATOL (flight based holidays) and ABTA (non flight based holidays) which I thought TC were signed up to and £1 or some such like of every holiday goes to ATOL/ABTA to repatriate in these circumstances? Quote Link to comment Share on other sites More sharing options...
ditchman Posted September 23, 2019 Report Share Posted September 23, 2019 3 hours ago, TIGHTCHOKE said: Poor management and greedy share holders! for the top bods..........£20,000,000 in bonus's in the last 5 years.. Quote Link to comment Share on other sites More sharing options...
grrclark Posted September 23, 2019 Report Share Posted September 23, 2019 14 minutes ago, crazycooker said: Just seen on the news £600 million to us the tax payer to bring everyone home and 1000s our of work or bail em out for £200 million mmmmmm The £600m number is not what the cost to UK tax payer will be, it is around £100m. The £200m was what their banks asked for to support the business until the Chinese investor/largest shareholder ponied up with another £800m. The Chinese investor may not have added to their holding at all. As Mick said, the debt of TC amounted to £2bn. 16 minutes ago, 243deer said: I cannot quite work out why it is the tax payers responsibility to bring folks home. Surely those that have travel insurance should claim on that along with the oft advertised ATOL (flight based holidays) and ABTA (non flight based holidays) which I thought TC were signed up to and £1 or some such like of every holiday goes to ATOL/ABTA to repatriate in these circumstances? The UK taxpayer share of the total bill is small (relatively) compared to what will be spent by those you reference. Quote Link to comment Share on other sites More sharing options...
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