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British travel firm Thomas Cook collapses, stranding hundreds of thousands
reuters.com ^ | September 23, 2019 | Reuters

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 ...


TOPICS: United Kingdom
KEYWORDS: brexit; thomascook; travel
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To: Berlin_Freeper

Thomas Cook customers say they were ‘held hostage’ at Tunisian hotel

https://www.bbc.com/news/uk-49787563


41 posted on 09/22/2019 10:52:04 PM PDT by PghBaldy (12/14 - 930am -rampage begins... 12/15 - 1030am - Obama's advance team scouts photo-op locations.)
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To: Dilbert San Diego

[[[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.


42 posted on 09/22/2019 11:45:32 PM PDT by headstamp 2 (There's a stairway to heaven, but there's a highway to hell.)
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To: steve86

In this case the travel agent IS the carrier - TC has [had] its own fleet of planes.


43 posted on 09/23/2019 12:55:15 AM PDT by Winniesboy
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To: SaveFerris

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.


44 posted on 09/23/2019 1:28:23 AM PDT by USFRIENDINVICTORIA
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To: OrangeHoof; Berlin_Freeper
There aren't any no-go zones, not even in the banlieus of Paris. yes, those banlieus are scary, but far less scary than San Francisco or parts of Brooklyn. Furthermore, they don't have anything touristy. If you are planning a visit and want to be free of Muslims, head to Poland --> Warsaw-Kraków-Wrocław-Toruń-Płock-łódż and if you want the country side then Białowieża
45 posted on 09/23/2019 1:34:51 AM PDT by Cronos (Re-elect President Trump 2020!)
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To: Deaf Smith

Brits have 5% Muslims. Most of Thomas Cooks customers are white Brits on holiday


46 posted on 09/23/2019 1:36:16 AM PDT by Cronos (Re-elect President Trump 2020!)
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To: NorseViking; hinckley buzzard

we can only hope that hard Brexit goes through


47 posted on 09/23/2019 1:37:26 AM PDT by Cronos (Re-elect President Trump 2020!)
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To: Deaf Smith

Originally it was lemon and limes were substitute in Americas. Irony is lime doesn’t have that high vitamin C content.


48 posted on 09/23/2019 1:43:13 AM PDT by NorseViking
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To: USFRIENDINVICTORIA

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).


49 posted on 09/23/2019 2:21:56 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: USFRIENDINVICTORIA

Meaning if any of them DO have that, I suppose it’s basically worthless paper now.


50 posted on 09/23/2019 2:26:24 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: Cowboy Bob

You really want the British to rule over the USA?


51 posted on 09/23/2019 2:28:35 AM PDT by Cronos (Re-elect President Trump 2020!)
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To: PghBaldy

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.


52 posted on 09/23/2019 2:30:24 AM PDT by Cronos (Re-elect President Trump 2020!)
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To: SaveFerris; USFRIENDINVICTORIA

I understood that travellers cheques were discontinued in 2008


53 posted on 09/23/2019 2:38:25 AM PDT by Cronos (Re-elect President Trump 2020!)
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To: Cronos

Thanks


54 posted on 09/23/2019 2:40:32 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: OrangeHoof

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.


55 posted on 09/23/2019 5:35:47 AM PDT by Tuscaloosa Goldfinch
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To: dfwgator

Note the reference to waiters called Manuel....


56 posted on 09/23/2019 7:22:45 AM PDT by M1903A1 ("We shed all that is good and virtuous for that which is shoddy and sleazy...and call it progress")
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To: Deaf Smith

Behind every dark cloud is a silver lining.


57 posted on 09/23/2019 7:24:29 AM PDT by VietVet876
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To: david1292
Wonder what happened. The tourist industry right now is better than its been in years.

With the Internet, you can pretty much do it yourself.

58 posted on 09/23/2019 7:25:29 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: M1903A1
Note the reference to waiters called Manuel....

¿Qué?

59 posted on 09/23/2019 7:26:14 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Berlin_Freeper

This is what incompetence looks like: lots of customers, high demand, years in business, ran into the ground.


60 posted on 09/23/2019 7:29:44 AM PDT by CodeToad ( Hating on Trump is hating on me and Americans!)
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