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Thread: Thomas Cook going down the pan ?
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22nd November 2011 #1
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Thomas Cook going down the pan ?
Shares in Thomas Cook have closed down 75% after it announced it was in talks with banks about increasing the amount of money it can borrow.
http://www.bbc.co.uk/news/business-15832438
I thought they were part of the German outfit TUI but it seems not. I can't remember how many years it is since I walked into a High Street Travel Agent
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22nd November 2011 #2
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I know I won't be spending any money there.
Such a shame considering their heritage.
The first 'proper' travel company in the world I believe.
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22nd November 2011 #3
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22nd November 2011 #4
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....not to mention the current lack of money in people's pockets.
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22nd November 2011 #5
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22nd November 2011 #6
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For me it will be a shame to see them go, as they have a lot of history in my part of the world. For years their HO was in Peterborough, my local city and Thomas Cook himself was from Leicester, my adopted city. I also use their on line flight service www.netflights.com for my long haul flights.
Forgetting the local and personal connections, they were bought out by a Belgian rail company in the 1930's and have been owned by a German bank since the 1990's, and with more and more people booking their holidays independently on line it's no great surprise the High St Travel Agent has had it's day.
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22nd November 2011 #7
Two IMPORTANT factors ... which - when combined - have somewhat "Cooked its goose" so to speak!
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22nd November 2011 #8
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I just looked at Wiki and it seems that since 1995 they've been bought and sold untold times by foreign spivs
http://en.wikipedia.org/wiki/Thomas_Cook_Group
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22nd November 2011 #9
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Another couple of good things about TC's - in 1991 they got me from Heathrow to Sydney and back with BA for Ł25
and in 1992 I had a 4 day break in New York including a decent Manhattan hotel and helicopter flight over the city all for Ł75
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23rd November 2011 #10
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23rd November 2011 #11
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I tried to use Thomas Cook to send my wifes visa money a couple of months back and they were most unhelpful. I was most
off with them.
And I dont think Jaimie Redknaps adverts have helped their profile too much....
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23rd November 2011 #12
The problem with TC is that they have their fingers in many pies rather than just the core business. They used to do good priced flights to places like Las Vegas but they pulled out of those kind of flights in 2008, and yet visitor numbers are on the rise
Keith Driscoll - Administrator
Managing Director, Win2Win Limited
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23rd November 2011 #13
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They bought Gold Medal Travel (www.netflights.com) for Ł71M in 2008, they've probably been pushing their flight only business to the USA that way since 2008. I frequently check netflights site and FB pages and they heavily promote flights to most US cities.
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23rd November 2011 #14
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23rd November 2011 #15
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23rd November 2011 #16
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23rd November 2011 #17
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23rd November 2011 #18
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23rd November 2011 #19
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23rd November 2011 #20
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http://www.youtube.com/watch?v=J5rB-7Yr8LI
Good footballer but he should have stuck to his day job.
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23rd November 2011 #21
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Toss3r del Mar! I remember it well. Stayed next door in Loret de Mar. Used it just as a springboard to visit Barcelona and the Gaudi stuff and the Sagrada Familae, Salvador Dalis crazy house etc. Didn't use Thomas Cook as it was always more expensive than other package holiday operaters. Still one of my favourite places (Barcelona not Toss3r).
Last edited by lastlid; 23rd November 2011 at 11:19. Reason: Correction
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23rd November 2011 #22
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Just discovered the system autocensors that certain Spanish seaside resort....
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23rd November 2011 #23
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23rd November 2011 #24
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Yep. I couldn't work out why you had used the 3 until I tried to post using an e .......
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23rd November 2011 #25
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23rd November 2011 #26
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No 8hit ?
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23rd November 2011 #27
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Why not the 7?
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23rd November 2011 #28
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Or $hit
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23rd November 2011 #29
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23rd November 2011 #30
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Or shi7
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