Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

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
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-71 last
To: Berlin_Freeper
the company had gone out of business after it failed to secure a rescue package from its lenders

So it was a well known fact that the company was on the brink of collapse?

61 posted on 09/23/2019 7:30:50 AM PDT by 1Old Pro
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cronos

If you are planning a visit and want to be free of Muslims, head to Poland


Wroclaw was destroyed in the war. Why are you recommending it as a tourist destination? I’ve been there a few times. Certainly not worth an excursion. Although, it is probably the best spot in Poland to practice your German.


62 posted on 09/23/2019 7:34:41 AM PDT by lodi90
[ Post Reply | Private Reply | To 45 | View Replies]

To: lodi90
You talking of Wrocław?

Or the Panorama Racławicka

Actually I hear more spanish there rather than German - in Poznan and Szczecin there's a lot more German - around that area you also have German auto factories.

Though of course you can skip Wrocław - I personally prefer Toruń to both Wrocław and Kraków, or even lovelier the Bieszczady mountains

63 posted on 09/23/2019 7:58:40 AM PDT by Cronos (Re-elect President Trump 2020!)
[ Post Reply | Private Reply | To 62 | View Replies]

To: Tuscaloosa Goldfinch

Good to hear that you got to Cornwall - not on the usual well-trodden tourist circuit for US visitors, not many penetrate that far SW. Though why you should be ‘fearful’ of Cornwall - unless it was fear of the rip-off cream teas and duff pasties - I can’t imagine.


64 posted on 09/23/2019 10:03:48 AM PDT by Winniesboy
[ Post Reply | Private Reply | To 55 | View Replies]

To: Berlin_Freeper
In a way, I'm not surprised it happened.

First of all, Thomas Cook got undercut by British holiday travelers using the Internet to book vacation trips "a la carte" using low-cost European airlines such as Ryanair and EasyJet. And the unstable political situations in Egypt, Turkey and Tunisia didn't help the company, either. And Thomas Cook couldn't compete against the very well-funded TUI Group (based in Germany), who owns many travel properties like hotels and cruise lines and also serve vacationers from Germany, Belgium, the Netherlands, France, and so on. (TUI has a very successful international travel business from Europe to the eastern USA.)

Like Monarch Airlines, Thomas Cook ran up too much debt and didn't have the resources to take on the competition.

65 posted on 09/23/2019 11:39:20 AM PDT by RayChuang88 (FairTax: America's Economic Cure)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Winniesboy

Mostly fearful in France - but we were fine.

I wasn’t really impressed with the pastries, though. We ended up visiting the grocery and grabbing fruit and cheese.

Coffee, now that was a big adjustment.


66 posted on 09/23/2019 11:49:39 AM PDT by Tuscaloosa Goldfinch
[ Post Reply | Private Reply | To 64 | View Replies]

To: Berlin_Freeper

Their government has been so busy trying to block Brexit, frustrate their PM Boris Johnson, hate Trump, and muck around in the Prince Andrew and Meghan Markle debacles that they didn’t even notice the need to forestall this crisis, which had been talked about in the media in advance, and had been in discussion with UK’s financial community for some time. Globalists literally do not mind their own business.


67 posted on 09/23/2019 12:10:17 PM PDT by Albion Wilde (It is fatal to enter any war without the will to win it. --Douglas MacArthur)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SaveFerris; Roman_War_Criminal; null and void; SkyPilot; metmom
Don't worry. We have a new systems with a little '666' on your forehead or on your right hand. Now you can travel in peace and security. /future travel company

666: The Number of the Beast (humor)

68 posted on 09/23/2019 12:32:50 PM PDT by Albion Wilde (It is fatal to enter any war without the will to win it. --Douglas MacArthur)
[ Post Reply | Private Reply | To 21 | View Replies]

To: dfwgator

[and if you’re not at your table spot on seven you miss your bowl of Campbell’s Cream of Mushroom soup, the first item on the menu of International Cuisine]

That’s some funny stuff right there.


69 posted on 09/23/2019 2:04:39 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Winniesboy

Hadn’t thought of that possibility!


70 posted on 09/23/2019 3:56:47 PM PDT by steve86 (Prophecies of Maelmhaedhoc O'Morgair (Latin form: Malachy))
[ Post Reply | Private Reply | To 43 | View Replies]

To: Cronos; SaveFerris

Thanks for confirming what I suspected. I stopped using them, as soon as a credit balance was sufficient for “show money”.


71 posted on 09/23/2019 4:45:50 PM PDT by USFRIENDINVICTORIA
[ Post Reply | Private Reply | To 53 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-71 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson