Jump to content

Thomas Cook In Financial Trouble


Recommended Posts

On 22/09/2019 at 10:15, Baron99 said:

Apparently those in question were in Tunisia. They were held for about 4 hours with the hoteliers demanding thousands from each holidaymaker.  

 

Rightly the holidaymakers refused to hand over any extra money.  They've already paid.  They went on their way to the airport. 

 

Reports coming in that it's happening in other countries as well, I've head people in Spain have faced the same thing.

Link to comment
Share on other sites

35 minutes ago, nightrider said:

I'm still confused about why the tax payer is on the hook - some have mentioned ATOL insurance funded by the travel industry should cover costs, yet I keep hearing about the tax payer paying to repatriate people?

Atol is covered by the CAA which is funded from public money. The "atol" funds at the moment are about £170m. It'll cost about £600m to get everyone back. Taxpayer picks up the rest...

Link to comment
Share on other sites

9 minutes ago, Obelix said:

Atol is covered by the CAA which is funded from public money. The "atol" funds at the moment are about £170m. It'll cost about £600m to get everyone back. Taxpayer picks up the rest...

How many red buses is that, then?

 

:twisted::D

Link to comment
Share on other sites

2 minutes ago, L00b said:

How many red buses is that, then?

 

:twisted::D

The NHS informally use "bus weeks" as a measure of costs of a project at the moment. My day rate for them is 1/490232 bus weeks.... :) Bojo was going to come to Leeds as well and visit the gaff but I think he was adivsed it might not be a good idea...

 

Link to comment
Share on other sites

2 hours ago, Obelix said:

It's not the fault of the people booking flights only. IF Thomas Cook are losing money on flights only then they shouldnt be selling them..

The reason they failed was they havea  huge network of shops that no one really uses to the extent they can be justified. Holiday brochures? Whats that about - the world went online twenty years ago....

BUT the folks now stranded should pay there own way back - they wanted a cheap flight only and thats what they got. If they'd paid the going ATOL package rate they probably wouldn't be this mess. Neither would the tax payer - who would have thought our hard earned taxes to pay for someone elses holiday.

Link to comment
Share on other sites

2 hours ago, Obelix said:

It's not the fault of the people booking flights only. IF Thomas Cook are losing money on flights only then they shouldnt be selling them..

The reason they failed was they havea  huge network of shops that no one really uses to the extent they can be justified. Holiday brochures? Whats that about - the world went online twenty years ago....

Correct and huge debt to service too.

The operators who will survive in this cut throat industry are the ones that are lean and use the internet successfully.I have not looked at a holiday brochure or been in a travel agent for 10 years.The likes of Booking.com and sky scanner are always cheaper even than booking with the web sites of the major operators in my experience let alone booking in a travel agent.

Link to comment
Share on other sites

54 minutes ago, Obelix said:

Atol is covered by the CAA which is funded from public money. The "atol" funds at the moment are about £170m. It'll cost about £600m to get everyone back. Taxpayer picks up the rest...

That covers all customers abroad though, I think it's only 150,000 British people.  They have a big presence in Germany for example with many customers there.

 

Does the British tax payer pay to repatriate everyeone to every home country?

Link to comment
Share on other sites

Just now, willman said:

BUT the folks now stranded should pay there own way back - they wanted a cheap flight only and thats what they got. If they'd paid the going ATOL package rate they probably wouldn't be this mess. Neither would the tax payer - who would have thought our hard earned taxes to pay for someone elses holiday.

Actually thats not correct, far from it.  Obelix was correct. Why do you say something without understanding the facts? The flights aren't that much cheaper than the package deals for most of the year. In addition to that, there is a levy of £2.50 for the ATOL insurance taken from each booking. Flight only with TC was ATOL protected until a couple of years ago and still is with Balkan. I have been flying twice a year with these two airlines for the last fifteen years. The price difference between them is swings and roundabouts depending when you book. TC certainly aren't "cheap", they are the same and sometimes more expensive than other airlines. We  sometimes went with them because we preferred the flight times even though that sometimes meant travelling from Manchester (an hour and a half away) and going up the night before rather than the flight times from Doncaster which we can travel to in about half an hour or less from our house.

 

Why would someone book a package if they own a property abroad? 

 

Its nothing to do with offering flight only that has been their downfall. Its bad management of the business in lots of areas, one Obelix has touched on;  the increased number of high street shops they have had over the last decade while others are decreasing theirs. 

 

We booked our flight direct wit TC using our credit card so we will get our money back from the CC company. The insurance would cover it if we were already there. 

Link to comment
Share on other sites

28 minutes ago, willman said:

BUT the folks now stranded should pay there own way back - they wanted a cheap flight only and thats what they got. If they'd paid the going ATOL package rate they probably wouldn't be this mess. Neither would the tax payer - who would have thought our hard earned taxes to pay for someone elses holiday.

Well it's not paying for their holiday is it if it's only the flights that are covered.

I fail to understand what your problem is with this unless you are having a go at what you think are  money grubbing people that didn't buy a package because it's not what they wanted.

16 minutes ago, geared said:

That covers all customers abroad though, I think it's only 150,000 British people.  They have a big presence in Germany for example with many customers there.

 

Does the British tax payer pay to repatriate everyeone to every home country?

ATOL as far as I know only applies if the originating flight is in the UK or dependancies like Mann, the Channel Isles or Gibraltar.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.