"Problems" at Thomas Cook

Enchanted


Joined: 20/07/2008
Posts: 159

Message Posted:
22/11/2011 11:06

Thomas Cook are today meeting their Bankers to try and restructure their company debts. The share price this morning has gone down by half! Holidays I understand are protected by Atol, so not a problem there, however, for those of you who are considering booking a flight through to Larnaca in the coming months it may be in your best interests to stick to BA.

There is no talk of the company collapsing, and I would not wish this post to be considered "scare mongering", but I'm pretty sure that if you have a flight only deal and the company goes down the pan then your money goes with it.

Woodspeckie


Joined: 25/01/2009
Posts: 2263

Message Posted:
22/11/2011 11:43

I use Thomas Cook for holidays to Turkey and always book online, they had 2 shops in our local town now had a letter from them saying they are closing one of them, I could never understand the reason for 2 shops as they never seemed to be too busy.

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
22/11/2011 12:12

Ever since the 70's travel companies have had a bumpy ride and several notable ones have fallen by the wayside. Tourism is a difficult business to get right... a destination, all the rage one year, can seem past its best the next. Whenever the western world feels the pinch, the annual holiday business takes a fair bit of the impact. Is it any wonder then that the likes of TC are struggling.