Posted on 09/22/2019 7:17:23 PM PDT by Berlin_Freeper
Thomas Cook (TCG.L), the world’s oldest travel firm, collapsed on Monday, stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history.
Chief Executive Peter Fankhauser said it was a matter of profound regret that the company had gone out of business after it failed to secure a rescue package from its lenders.
The UK’s Civil Aviation Authority (CAA) said Thomas Cook had now ceased trading and the regulator and government would work together to bring the more than 150,000 British customers home over the next two weeks.
(Excerpt) Read more at reuters.com ...
Thomas Cook customers say they were ‘held hostage’ at Tunisian hotel
https://www.bbc.com/news/uk-49787563
[[[I bet they were doing exactly that, getting money from customers and using it to make payroll. And using money from new customers to pay the travel expenses for the 1st group of customers. Sounds like a pyramid scheme. Then it fell apart without new money coming in.]]]
Ponzi Travel.
In this case the travel agent IS the carrier - TC has [had] its own fleet of planes.
Yes, they did. Several decades ago, credit cards weren’t generally acceptable as “show money” at borders (cash to show you wouldn’t burden the welfare system) — but, traveler’s cheques were. I used Thomas Cook travelers cheques; and never had any trouble getting them cashed. They were a lot safer than carrying a large amount of cash. Credit cards are easier, and currency conversion is cheaper.
Brits have 5% Muslims. Most of Thomas Cooks customers are white Brits on holiday
we can only hope that hard Brexit goes through
Originally it was lemon and limes were substitute in Americas. Irony is lime doesn’t have that high vitamin C content.
Wonder if a whole lot of these (traveling) folks now have useless paper in their hands?
I don’t know what their current operations involve (disclaimer).
Meaning if any of them DO have that, I suppose it’s basically worthless paper now.
You really want the British to rule over the USA?
you can see it from the hotel’s point of view - the purchaser (Thomas Cook) has skipped, but the purchaser bought on behalf of the tourists.
I understood that travellers cheques were discontinued in 2008
Thanks
We just got back from Cornwall and France. Only spent one night in Paris, the one before our trip. Rented a car in both countries, stayed out in the rural areas visiting WWII and WWI sites in northern France. I was really, I’ll admit it, fearful, but we had a wonderful time and may go back. Not to Paris.
Note the reference to waiters called Manuel....
Behind every dark cloud is a silver lining.
With the Internet, you can pretty much do it yourself.
¿Qué?
This is what incompetence looks like: lots of customers, high demand, years in business, ran into the ground.
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