Thomas Cook Airlines for sale

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Boac
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Thomas Cook Airlines for sale

#1 Post by Boac » Thu Feb 07, 2019 9:23 pm

https://www.independent.co.uk/travel/ne ... 67126.html . I assume that is Condor as well.

...and so it goes on. Not good times.

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Re: Thomas Cook Airlines for sale

#2 Post by Capetonian » Thu May 16, 2019 7:15 am

The company has just reported a £1.46 billion loss. Bank loans have been extended, shares down 22%, not looking good.

In the last year share value has dropped from £1.46 to £0.18.

Blamed on political situation (=Brexit), people delaying decisions to travel, and so on.

I imagine that, like the EU's artificial currency, the company is too big to fail, and money is going be pumped in to keep it operating, but for how long? Is this just delaying the fateful moment?
One thing you can say for the French, when civilization falls they have less far to fall than everyone else.

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Re: Thomas Cook Airlines for sale

#3 Post by Fox3WheresMyBanana » Thu May 16, 2019 10:05 am

The average UK household debt has been rising again since 2014. Outgoings exceeded income in 2017 for the first time in 30 years (ONS). Card spending increased 8.1% in the last year (UK Finance). Up to 8.3 million are currently unable to pay off their debts (NAO).
= No holidays. It's got f-all to do with Brexit.

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Re: Thomas Cook Airlines for sale

#4 Post by Pontius Navigator » Thu May 16, 2019 1:42 pm

Having flown Thomas Cook we do everything we can to fly Thomson.

Sold my TC shares years ago at £6.

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Thomas Cook shares "worthless"

#5 Post by Undried Plum » Fri May 17, 2019 10:49 am

Only a corrupt auditor could say that Tommy Cook is anything other than worthless. So forget anything that Ernst & Young say, but do take note of the euphemisms they use: such a "material uncertaincies".

CitiGrope is somewhat more honest in its appraisal. They point out that the massive debt of the firm cancels the equity value and therefore the value of the outfit is zero.

Zero.


Sold my TC shares years ago at £6.

Sensible chap! Share price, if you can find a sucker to buy the crap, is today around 14p.

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Re: Thomas Cook Airlines for sale

#6 Post by unifoxos » Fri May 17, 2019 11:05 am

I imagine that, like the EU's artificial currency, the company is too big to fail, and money is going be pumped in to keep it operating, but for how long?

Er - how much bigger than Monarch is it?
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