Thomas Cook

[Millwallawayveteran1988]

£600 million to bring people home or £200 million emergency loan , keep people in work and let customers enjoy what they have paid for .

Tricky one for the government though. Can’t bail every company out.

 

[SilverFox2]

Tricky one for the government though. Can’t bail every company out.

As I see it the banks think that income dries up during winter time so want someone else to fund the £200 million likely loss during that period.

 

[117 M34]

Thomas Cook employs thousands of staff.

The government not bailing them out would be incredibly short sighted.

I wonder if Mike Ashley is lining up a bid?

 

[HolisticJim]

We fly out with Jet2 for 10 days on 13 Oct. We fly back with Thomas Cook

Fearing the worst

 

[denislawsbackheel]

Due to go New York with these in three weeks time, do have ATOL insurance though as a package hol.

What happens if they go bust?

Do you have to claim the money back and if so how long does that take?

Can take weeks.

 

[denislawsbackheel]

Am I wrong, as usual, but I thought that travel firms were covered by ATOL(?) so that there is an insurance system to bring people home. So where has the need for £600m from the government come from?

It’s also an airline and flights alone are not covered by ATOL, nor are airline collapses covered by travel insurance.

 

[Millwallawayveteran1988]

Last ditch meeting at 9am tomorrow at City Law firm offices. Doesn’t sound promising.

Breaking News on Sky

 

[Scottyboi]

Anyone buying shares? Risk to reward is alright haha.

 

[Blue Mist]

Anyone buying shares? Risk to reward is alright haha.

If you are, cut out the middle man and pm Worsley Web I understand he might have a few thousand to shift.

 

[SilverFox2]

Thomas Cook employs thousands of staff.

The government not bailing them out would be incredibly short sighted.

I wonder if Mike Ashley is lining up a bid?

Could be wrong but perhaps their employed numbers are what the banks fear over their quiet winter period.
If profit margins are low or even non existent during the busy summer then apart from pay cuts for all where is income coming from?