Thomas Cook Travel and Airline Collaspses Stops Trading
 

China Company is still to buy it,
but still they are tanking.
The next 24hours
means it must plug a £200 million hole.


A Fire Sale
178 years company.

Also possible trouble if it goes under
to get folks home.


Just reported Live On SkyNewsHD
buy their great City Editor

https://www.bbc.co.uk/news/business-49761464

"Don't just book it, Thomas Cook it"

Those Days have long gone.
around 10 days to try and get new funds.

Latest:
[Thomas Cook gives up hope of private rescue amid City blame game
The hedge fund CQS walks away from talks to provide urgent liquidity
to the ailing travel company]





https://www.bbc.co.uk/news/business-49761464

[The travel company could fall into administration this
weekend unless it
finds £200m in extra funds needed to secure its future.
Banks, including RBS and Lloyds, insist the firm comes up with
the new contingency funds in case it needs extra money
during the winter months.
A collapse would leave 150,000 UK holidaymakers stranded.]


https://ichef.bbci.co.uk/news/624/cp...ilyexpress.jpg

https://i.dailymail.co.uk/1s/2019/09...8990074054.jpg

https://i.dailymail.co.uk/1s/2019/09...9056610953.jpg


The 2 Banks are refusing to lend
any more money as the future is grim

Thomas Cook crisis: UK 'has plans in place' if customers are left stranded

[The 178-year-old company needs to
secure a £200m lifeline following a
demand from lenders - or face being placed
into bankruptcy proceedings in the early hours of Monday.]


Tomorrow Monday
a final meeting.

https://news.sky.com/story/thomas-co...ation-11816011



A BBCNewsHD report
showed a hotel in Tunisia
that locked the gates
stopping anyone leaving last night
they were afraid they were not getting paid by Thomas Cook
later on they were paid.
Maybe they watching UK news feed

Brexit is running anyway
The Truth in Thomas Cook
is they are not able to stay afloat
not able to get any more loans

A lady I know was due to go on holiday tonight to Tunisia, flying about now, she'd been looking forward to going for over a year. Booked with TC and idk if she's gone or not now, looking doubtful. Feel so sorry for her. :sad:

Yes it terrible
Anyone with a Thomas Cook deal should not go


https://news.sky.com/story/rescue-ho...lapse-11817447

Thomas Cook online
have stopped any more bookings

Now sadly confirmed
Thomas Cook has failed to stay afloat.

There Costings never went low.

No more Flights.

Sadly you are now Fired

https://pbs.twimg.com/media/EFHF68ZX...jpg&name=small



[half-year losses of £1.46bn]

Actullay they are made redundant not fired

:sad:

Very True

Really sad.
All my thoughts are with those losing their jobs and the vast number of stranded passengers, facing awkward, longer waits and journey's eventually back home.

Feeling very frustrated on behalf of those stuck or faced with redundancy this morning. I know how furious I'd be if I was stuck in this situation so I hope it is resolved for everyone soon!

it was inevitable, the company had been on borrowed time for a long time

It's a bit sad for me,I used to work for Thomas Cook as a holiday rep,I met my husband on one of my stays in Zante and we had a beautiful daughter, we both left years ago,but still sad they are no more.

When I was repping in Zante, I worked half for Thomas Cook, half for the actual hotel..was a weird setup and it nearly killed me tbh but something I will never regret, such a different life. Technically I still have an Albanian fiance out there :laugh: I think I worked more for the hotel though, as it was mainly bar duties and that, and making me do bar crawls with customers. Daytime though, always when hungover and fuctioning on like 3 hours sleep (if that) I had to do kids entertainment/pool games D:

600 euro a month though, for like..20 hour days with 2 days a month off (and on days off you were expected to do some work really..) was..harsh. Mind, we got accomodation and food and alcohol paid for I guess. Writing this down, though I wonder if I ever actually worked for Thomas cook, thats what my bos said, but I was always paid cash in hand, and quite sure thomas cook would have had some rule against both the hours we did, and the type of work that was expected at times..never thought to ask many questions as it was just..well fun, and I was being paid so no need to rock the boat. Didnt really care who I worked for.

Whats going on with the Tunisian holidaymakers is disgusting.

Such a shame. Feel for all the staff.

Don't just flex it, when Brexit wrecks it.