John52 Posted September 23, 2019 Share Posted September 23, 2019 People delaying holidays ... fear of being stranded in a no-deal Brexit .. income in Brexit crash pounds and expenditure in hard currency. Pushed another British company over the edge. :-( Another Brexit Bill for the taxpayer ? Link to comment Share on other sites More sharing options...
Guest pelmetman Posted September 23, 2019 Share Posted September 23, 2019 Thomas Cook is a victim of flogging a dead horse not Brexit ;-) ........... Package holidays are history :-| .......... Link to comment Share on other sites More sharing options...
Fast Pat Posted September 23, 2019 Share Posted September 23, 2019 Profitable in 2015, what happened in 2016 that could have ruined it all.... Link to comment Share on other sites More sharing options...
Guest pelmetman Posted September 23, 2019 Share Posted September 23, 2019 Fast Pat - 2019-09-23 9:59 AM Profitable in 2015, what happened in 2016 that could have ruined it all.... "The firm's fate was sealed by a number of factors: financial, social and even meteorological. As well as weather issues, and stiff competition from online travel agents and low-cost airlines, there were other disruptive factors, including political unrest around the world. In addition, many holidaymakers had become used to putting together their own holidays and not using travel agents." https://www.bbc.co.uk/news/business-46452374 ;-) .......... Link to comment Share on other sites More sharing options...
John52 Posted September 23, 2019 Author Share Posted September 23, 2019 n 2019, Thomas Cook said British customers were postponing travel plans for the summer because of worsening uncertainty around Brexit – and the way it has hit sterling’s buying power abroad. https://www.theguardian.com/business/2019/sep/23/thomas-cook-as-the-world-turned-the-sun-ceased-to-shine-on-venerable-tour-operator Clearly they had other problems as we all do. I did not say Brexit was their only problem. I said it pushed them over the edge. Link to comment Share on other sites More sharing options...
Bulletguy Posted September 23, 2019 Share Posted September 23, 2019 Fast Pat - 2019-09-23 9:59 AM Profitable in 2015, what happened in 2016 that could have ruined it all.... Typically the top brass coined it and walked away with £millions in bonuses for bankrupting the business. https://www.thisismoney.co.uk/money/news/article-7489655/Bosses-rake-20m-Thomas-Cook-faces-ruin.html I feel for the 9,000 employees now without a job. No fat bonuses for them either. Link to comment Share on other sites More sharing options...
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