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Old 16 May 19, 11:16 AM  
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#31
Lynda__Loo
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We have booked a package via Thomas Cook, in the unlikely event that anything was to happen with them we would be covered with ABTA/ATOL - is this correct?

I know this is highly unlikely to happen just want to check!
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Old 16 May 19, 11:17 AM  
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Originally Posted by Quensabob View Post
The issue I have is all the definitely going under posts when its not the case, they now have additional funding until they sell their airline so they should be fine till next april, lets see then, none of these posts help people who have already booked with them advising them to cover themselves for all eventualities is the best way forward!

Yes but how do we get cover for all eventualities now TCís situation has been broadcast ? Will any insurance providers be willing to underwrite what could be a large risk.
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Old 16 May 19, 11:18 AM  
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Originally Posted by Lynda__Loo View Post
We have booked a package via Thomas Cook, in the unlikely event that anything was to happen with them we would be covered with ABTA/ATOL - is this correct?

I know this is highly unlikely to happen just want to check!
Yes you are covered!
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Old 16 May 19, 11:18 AM  
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I think the key is trying not to panic, but get all your necessary info to hand, ie what happens if.

It does feel all a bit too similar to Monarch's rumblings for the year or so before they went. Really hoping not.
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Old 16 May 19, 11:19 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,
Maybe if you said this 5 or 6 years ago i would of half agreed...

The 178-year-old tour operator reported a loss before tax of £1.5bn for the six months to the end of March, from a loss of £303m in the same period the previous year.

ft/content/e3825a8e-...d-7c18c0ea0201
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Old 16 May 19, 11:19 AM  
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Just another comment about being stuck over there usually as a british citizen if a large british airline goes bust the government will send other airlines to bring you home,I think it happened when Xl went under!
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Old 16 May 19, 11:22 AM  
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At then end of the day we don't know what will happen its all speculation if we stop booking they are gone, and all we have is Virgin and the large airlines, happy days ,im off this is just going around in circles now!
I am covered and will just have to pay for more expensive flights if the unthinkable happens!
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Edited at 11:29 AM.
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Old 16 May 19, 11:24 AM  
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I donít want to be accused of scare tactics, being alarmist etc so Iím leaving this thread. My apologies if my comments have upset, panicked or annoyed people.

The comments Iíve made on this thread are based on my 40 years in international banking, which included working on a team looking after the banking requirements of 4 major airlines. This was a few years ago so matters might have been ďtightened upĒ.

Obviously itís wise to check what cover you have for each booking especially if not a package, and then look for extra cover is needed.

All of this might be completely irrelevant if TC are taken over in the short term.

Linda x
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Old 16 May 19, 11:25 AM  
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We've booked direct with Disney with Thomas Cook flights. presumably that classes as a package?
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Old 16 May 19, 11:26 AM  
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Originally Posted by Quensabob View Post
Just another comment about being stuck over there usually as a british citizen if a large british airline goes bust the government will send other airlines to bring you home,I think it happened when Xl went under!
agree with this,
you may not be the first to leave the country but in times like this other carriers also do offer gesture of good will for people with tickets. - case by case basis.

key thing is to ensure you are covered
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Edited at 11:29 AM.
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