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Trip Planning Florida Florida Holiday Planning Questions, Suggestions and Tips. |
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16 May 19, 11:30 AM |
#41
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Proud to wear my Ears
Join Date: Aug 16
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I’ve not had time to look into this, I will when I get home this evening, but I believe that the loss of £1.5b is made up of £1.1b in goodwill, which as we know isn’t actual loss in the typical sense.
So the cash loss is around £400m it just sounds scarier when they say £1.5b. If anyone wants to read the half year report: thomascookgroup/pres...ails/102/11087 Edited at 12:08 PM. |
16 May 19, 11:32 AM |
#42
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Thread Starter
Imagineer
Join Date: Sep 10
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Thanks for all the help here. I found out what I asked for regarding being covered or not. And I now know my insurance is not as comprehensive as I thought. All the rest is now down to me. Thanks again. Hopefully I haven’t caused alarm and I’m sure TC will be ok.
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16 May 19, 11:34 AM |
#43
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Imagineer
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16 May 19, 12:07 PM |
#44
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Apprentice Imagineer
Join Date: Mar 13
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Try protectmyholiday/ for airline failure, they dont seem to have suspended Thomas Cook, which is a good sign.
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16 May 19, 12:24 PM |
#45
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Imagineer
Join Date: Sep 08
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16 May 19, 12:55 PM |
#46
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Imagineer
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My current travel insurance has end supplier failure (it's an annual policy) but it expires before our September trip for which I have TC flights already purchased. I was planning to just renew that insurance when it comes up, will that cover me does anyone know?
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kellsbells |
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16 May 19, 01:40 PM |
#47
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Serious Dibber
Join Date: Nov 16
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The goodwill impairment is definitely a red herring. As you say, it skews the results on a one-off basis due to down-valuing the assets acquired during the MyTravel merger a long time ago.
That is a fiscally responsible thing to do and suggests TC getting their corporate financial house in order ahead of inviting bidders to buy the business or parts of the business, not just the airline but their hotel/tour operator arm too. And there is no question TC will continue to operate as a brand. I think existing customers have nothing to fear and if they do sell up, new customers will see no difference...still that TC brand name. Though this recent flap might admittedly impact heavily on fresh bookings for a while. But half a billion in realised profit this year is still very impressive. This is not a failing business. Their biggest issue is servicing a very real £1bn+ debt, whilst losing ground against Jet2 and other upstart competitors in TC's traditional hunting ground. And of course, the increasing number of folk going DIY. This is hurting TUI too. But i am convinced there is no need for alarm. A "smaller" TC will remain part of the holiday landscape. |
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16 May 19, 01:42 PM |
#48
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Excited about Disney
Join Date: Aug 17
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Have booked Tc flights for next August - if they do sell the airline what are my options?
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16 May 19, 01:50 PM |
#49
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Imagineer
Join Date: Feb 17
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16 May 19, 01:51 PM |
#50
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slightly serious Dibber
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Booked for flights August 2020. Paid up with my debit card- guess this doesn’t offer protection like a credit card?
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