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Old 16 May 19, 10:12 AM  
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#11
minnie29
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I thought flights would be covered by ATOL? My sister had booked and paid for flights in September. We have a package booked so ATOL will cover us, but not my sister from the sound of things :/
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Old 16 May 19, 10:15 AM  
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Old 16 May 19, 10:18 AM  
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We book with alpha travel insurance, they have end supplier failure! Thomas Cook will likely sell their airline its profitable and have both Lufthansa and Virgin bidding for it!
They have just also suceeded in securing a £300 million banking facility to see them through till next year! Its not as black as is painted,but I would recommend end supplier failure!
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Old 16 May 19, 10:23 AM  
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Originally Posted by YorkshireT View Post
The problem now is- unless flights are REALLY cheap (adding to the lack of profitability for them) who is going to book?
Some may book if the deal is good enough, particularly for say 2020 thinking if Virgin takes over all well and good I get a great deal, and if it goes bust in the interim then I can get something else.
Problem is if it drags on in a death spiral into next year- imagine then having flights and it's getting worse as it's nearing your flight. Squeaky bum time then.
I think I'll avoid, and I've flown with them from Manchester many times and they are good- it's a shame because if say Virgin do buy it, I'm sure the already sky high prices in Manchester will get worse.
Hopefully they'll get a sale soon, but if it looks like it's going under buyers will wait to pick up the slots when it's in administration. Let's also hope it can secure the £300m in funding.
According to Sky News they have!
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Old 16 May 19, 10:25 AM  
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YorkshireT
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Originally Posted by Quensabob View Post
We book with alpha travel insurance, they have end supplier failure! Thomas Cook will likely sell their airline its profitable and have both Lufthansa and Virgin bidding for it!
They have just also suceeded in securing a £300 million banking facility to see them through till next year! Its not as black as is painted,but I would recommend end supplier failure!
Yes that's not available until October though so I suspect it only comes with conditions (guessing ) such as selling the airline.
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Old 16 May 19, 10:26 AM  
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Don't worry everyone its pointless Thomas Cook have been going for over 100 years and there is still life left in them, threads with unfounded doom and gloom dont help, just make sure your covered for every potential.
The anouncement today was expected and the share price is already recovering!
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Old 16 May 19, 10:27 AM  
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Originally Posted by YorkshireT View Post
Yes that's not available until October though so I suspect it only comes with conditions (guessing ) such as selling the airline.
Selling of the airline is a definate, they need the cash! But that wont be finalised till the end if the year!
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Old 16 May 19, 10:32 AM  
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Yes it could be there are conditions on the further lending, but suspect they have said they don't need the money until Autumn. Will be interesting to see if it's still lent if things get worse.
I really hope TC comes through this as I think it's a good company, I've never had any issues with them.
I was caught on the Monarch fiasco though- had three flights with them booked. One ended up being ATOL protected due to a secret insistence by the government that they had to have it as it looked very iffy.
One was on Amex, got that back straight away.
One was by bank card- got that back via chargeback thankfully.
Still cost me over £1000 though as new flights I had to book were by the time of 2 of them, much more expensive.
With Monarch people knew there were issues but it limped on and we were told it would all be fine. The government knew a lot more!

Edited at 10:33 AM.
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Old 16 May 19, 10:32 AM  
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Originally Posted by Quensabob View Post
Don't worry everyone its pointless Thomas Cook have been going for over 100 years and there is still life left in them, threads with unfounded doom and gloom dont help, just make sure your covered for every potential.
The anouncement today was expected and the share price is already recovering!
This ^^
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Old 16 May 19, 10:35 AM  
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Originally Posted by YorkshireT View Post
Yes it could be there are conditions on the further lending, but suspect they have said they don't need the money until Autumn. Will be interesting to see if it's still lent if things get worse.
I really hope TC comes through this as I think it's a good company, I've never had any issues with them.
I was caught on the Monarch fiasco though- had three flights with them booked. One ended up being ATOL protected due to a secret insistence by the government that they had to have it as it looked very iffy.
One was on Amex, got that back straight away.
One was by bank card- got that back via chargeback thankfully.
Still cost me over £1000 though as new flights I had to book were by the time of 2 of them, much more expensive.
Me too,I have flown loads with Thomas Cook and there customer service has always been great! I worry about the smaller airlines disappearing and we only get the big boys, flight prices will go through the roof!
We lost our holiday in 2008 a week before when XL went under it was a nightmare we managed to go in the end but I hope I don't have to go through that again!
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