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Unread 18 May 19, 08:34 PM  
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#17
toonarmani
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If youve saved 300 overall then the Thomas Cool situation is irrelevant?
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Unread 18 May 19, 08:47 PM  
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#18
DiszeeBelle
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We've just paid the holiday off, I'm panicking but hubby said it will be fine. We would lose too much and as a previous comment said, we would be adding to the problem.
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Unread 18 May 19, 08:48 PM  
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Bugsy
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Whilst I understand your reasoning and youve actually saved money which is great. Thomas cook should weather this storm in the short to medium term.

They have reasonable liquidity holding more than 200m ( held 150m to 200m in the winter and its strengthened since - May 7).

The 1.45bn loss included an accounting mark down on the purchase of MyTravel. The actual loss was closer to 300m which is similar to the liquidity so workable.

The CitiGroup announcement is to be expected . Hedge funds holding short positions are going to want the share price to drop.

I have flights booked for 30/6/19 and although the situation does make me nervous , the accounting ratios that I could find , whilst not great, dont look like a company imminently about to collapse. They will need to sell the airline and probably close a lot more stores as well though
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Unread 18 May 19, 08:59 PM  
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#20
Trinacham
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Originally Posted by ELLENUT View Post
Did you pay in full or just deposit? If its just deposit then I would make a small balance payment by creit card to cover the whole booking.
In full unfortunately. Realise now that I should have asked the question before to save this worry but lesson learnt now I've sent an e-mail to the CAA asking the question. I have an ATOL certificate so surely means I'm covered no matter what, but just want confirmation.
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Unread 18 May 19, 09:04 PM  
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Originally Posted by Trinacham View Post
In full unfortunately. Realise now that I should have asked the question before to save this worry but lesson learnt now I've sent an e-mail to the CAA asking the question. I have an ATOL certificate so surely means I'm covered no matter what, but just want confirmation.
Dont worry you are covered by atol, and will be fine!
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Unread 18 May 19, 09:05 PM  
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yeh you should be okay i must say person who dealt with me said hundreds were bailing out of holidays cant blame them i dont thinc TC been very honest they really are in real trouble
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Unread 18 May 19, 09:11 PM  
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#23
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Originally Posted by bennyboy0751 View Post
yeh you should be okay i must say person who dealt with me said hundreds were bailing out of holidays cant blame them i dont thinc TC been very honest they really are in real trouble
Hearsay and scaremongering also untrue!
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Unread 18 May 19, 09:19 PM  
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#24
Sew109
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And people get nervous of booking DIY why ?

If you read on here almost every thread where there are problems are with travel agents. Hopefully this thread will also make others not book more than 12 months in advance think about what they do regarding insurance,

My view is that all they have booked they will be able to cover I would not be cancelling
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