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Post by aerofoto - HJG Admin on Sept 23, 2019 14:14:51 GMT
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Post by George Carty - HJG on Sept 23, 2019 14:41:44 GMT
I'm guessing that Thomas Cook is another victim of the internet: were high-street travel agents with printed brochures ever going to have a future?
I wonder who will end up taking over Thomas Cook's fleet of aircraft...
George
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Post by aerofoto - HJG Admin on Sept 23, 2019 15:08:51 GMT
YEAH .... that´s one of the causes .... as related within the above-linked news reports .... and to the extent that the company has apparently failed to fully move in accordance with modern times.
It´s fine to provide quality packages .... until your opposition/compettors, and even idependent operators (if not individual travellers too), start undercutting what´s offerred by the mainstream agencies.
Even I travel far more cheaply (and not always on discounted or FOC tickets either) than most tourist agencies can book me.
BUT .... there are many other contributing factors behind the THOMAS COOK collapse though too.
Mark C BOG/CO
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Post by canuck on Sept 24, 2019 6:48:11 GMT
I did read somewhere (probably the illustrious Daily Mail) where Brexit was cited as a contributory factor. Quickly debunked. Of course it had nothing to do either with the directors etc receiving inflation busting salaries and multi million $$ bonuses in the preceding years. Hush my mouth.
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Post by aerofoto - HJG Admin on Sept 24, 2019 14:49:04 GMT
As I said above .... what happened yesterday is undoubtably the result of a conspiracy of "many different factors/circumstances combined" .... and not just one or a few only. It´s also apparent that the end had been inevitable for quite some time previously .... "to those in the know" .... but .... whom also seemed to have been content in tying to negotiating government, and other, bail outs (why should governments bail out a private/leisure company though unless national or security interests are compromised by their not doing so ?) .... but .... which would likely only have postponed the inevitable/end for a short time only. I assume government/s are going to be forced pick up "some of the tab" anyway though in regard to necessary reptronization/airlifting of the apparently more than 600,000 PAX/holiday makers currently/temporarily stranded all around the globe .... and insurances will probably cover most of the rest. What a bloody mess really !!!! "THAT" .... wouldn´t surprise me in the least. We´ve seen these sorts of scenarios time´n´time again in regard to travel, airline, and other corporate failures all around the world in the recent past .... and "IF" that particular detail be proven a major contributing factor in this particular case too, then, the sooner it´s all "un-hushed/exposed" (and it will eventually be .... as "all" the facts become known during the post mortem) then the better .... because responsibility needs to be apportioned to someone/people somewhere (more than to socio-economic influences .... which all good business planning needs to take into account, and/or recognize in advance, and then adapt its strategy to deal with accordingly) .... there needs to be accountability .... and in business that´s a buck which usually stops at "management". A little bit more on the sdubject .... www.youtube.com/watch?v=TGUbZhZiCvQwww.youtube.com/watch?v=oR5pKvy2LsoMark C BOG/CO
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Post by George Carty - HJG on Sept 24, 2019 15:11:48 GMT
I did read somewhere (probably the illustrious Daily Mail) where Brexit was cited as a contributory factor. Quickly debunked. Well the Daily Mail would certainly dismiss Brexit as a contributory factor in the collapse, given that it was one of the three tabloid newspapers which agitated for Brexit! My opinion is that the cause was roughly 60% clinging to an obsolete business model, 20% general mismanagement and/or executive greed, 10% Brexit-driven depreciation of the £ and 10% the decline in holiday bookings due to the hot summer this year (which made staying in the UK more attractive). George
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Post by Tony Madge - HJG on Sept 24, 2019 15:24:05 GMT
Brexit had little to do with this as all airlines operate under the so called threat of Brexit, just usual scare stories from those that deny the democratic result, No the real reason for the demise is that the management paid themselves huge bonuses (top table only) made very bad decisions that almost wrecked in 2011 (no brexit then ) and they never had a good business plan one that was sustainable. Sadly there are a lot of staff who now have no income and have to struggle The knock on effect is already being felt by prospective travellers who are seeing that reduced competition in the UK has already brought about price hikes... Shame that some companies feel that it is ok to make money from someones misery
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Deleted
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Post by Deleted on Sept 24, 2019 17:18:08 GMT
My mom told me she and her family used Thomas Cook travel agency MANY TIMES in era 1930s, 1940s, 1950s, and 1960s!!!!
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Post by aerofoto - HJG Admin on Sept 24, 2019 18:01:21 GMT
Latest from "DJ´S AVIATION" .... www.youtube.com/watch?v=ciXNyijLkpk"SOME" (not all) of the posted remarks following this latest presentation within the past hour or so (certainly in regard to the companies unsustainable debt and BREXIT too) are as interesting to read as this particular (and other) commentary is to view/listen to .... "if one can join together all the bits of the puzzle". "DJ" is an Australian correspondent (as his accent suggests) and whom runs his own interesting aviation current events and oppinon channel on YOUTUBE .... and which is genrally quite well respected too .... DJ´s AVIATION CHANNELwww.youtube.com/channel/UC29_CCc5qpnRaVryYIKiLegMark C BOG/CO
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Post by George Carty - HJG on Sept 26, 2019 19:20:16 GMT
Another possible factor in Thomas Cook's demise which I forgot to mention was that its holiday business in North African countries (eg Egypt and Tunisia) was devastated by the Arab Spring and its aftermath...
George
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Post by aerofoto - HJG Admin on Sept 26, 2019 21:35:28 GMT
It´s fine to apportion blame to market conditions and events, but, the fundamental cause behind most, if not all, corporate failure is a history of bad decisions over a very long priod of time, failure to adapt, and impropper (if not also over-inflated) management salaries/bonuses .... all of which seem to be major contribuory, if not the prime, factors behind this recent, but obviously inevitable, failure.
I don´t think we´ve heard anything like the real truth or even the end of this .... yet.
Mark C BOG/CO
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Post by RΞTROLΛD on Sept 27, 2019 16:46:21 GMT
And just to add salt to the wound, Condor will keep operating thanks to a €380 million loan granted by Germany, more than enough what Tommy Cook needed to stay afloat matter of fact, and yet they got none to rescue them. I guess diz ziz vat you get for leaving the Merkelreich...
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Post by Peter Liddell - HJG Admin on Sept 27, 2019 16:50:13 GMT
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Post by Peter Liddell - HJG Admin on Sept 27, 2019 19:15:35 GMT
Here's a couple classic 2001 scanned Gatwick pics with Thomas Cook Airlines predecessor JMCAir. Also Britannia, The training Comet, BA 744, 772 and 734s with World Tails and a 767 still in Landor...
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Post by darrenvox on Oct 1, 2019 2:13:26 GMT
As of current what was Thomas cooks fleet like..all I remember is a320 family
Ooh just a lot of heavies
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