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Any thoughts on whether the brand still has value, if yes I would say the likes of Fosun and others will be talking to the liquidators. The profitable bits could be bought, but how transparent will the liquidators be. I have seen so many times before in these situations, the assets are sold even before the rest of us wake up!!
"We built an empire without the EU "
Oh dear , another Brexiteer who still thinks it's 1860
Not good so are shareholders money wiped out left with nothing
We built an empire without the EU ........... we Lost it defending Europe ...
the question is not a second ref ...
the argument is, would you rejoin after we left ?
Parliament can still revoke today ........... it could have done that rather than use its power to force Boris to extend
what will you do in this extension ?
if Remain was so high up in the pecking order of the electorate why did Brexit party win so many seats ?
Repat will cost £100m
would it have been better to bail? 600m to be paid to other airlines how lucky
are they.
Back to the middle ages … and brexit still to come ! GLA
then why is Germany close to a recession ? why is the ECB still pumping billions into bond purchases ? you cannot just keep blaming Brexit for poor management considering they have had 3 years to change business practice ... markets slow for all sorts of reasons .. you could actually put more weight on Greta Thunberg and climate change
Never mind our contributions to EU ... how much do you think 3.5 yrs of wasted Brexit lawyers fees and pointless negotiations have cost us? What if we leave with no deal - how many more years and billions will it cost trying to secure a future free trade arrangement with the EU? That's not even taking account of the immediate devastation revealed by the Yellowhammer reports the govt were forced to publish. Many (sensible) people who voted Leave now realise what a mistake they made and would now vote Remain in a 2nd referendum.
the currency has been pretty stable since 2016 ref .................... and indeed the German side of the business is in Euro off setting £ .. Euro fluctuations
You must have missed the trading updates , TC released that booking were 12% lower in 2019 than 2018
The points are.
1. The company has not gone bust because of decreased passenger numbers due to brexit
Because
2. Passenger numbers have not decreased.
jessell so you like the germans then? you were not very complimentary earlier
why do you want us to Brexit?
Passenger numbers increase, which means staff numbers needs to increase. If customers are not paying an increase year-on-year then there is a deficit. This is what happened here with the addition of investment in other areas they should have stayed away from.
as you say passenger numbers have been increasing year on year, so what reason would they have reduced by 12% in 2019?
because we were due to leave EU on 31 Mar 19? or something else?
What we put into the EU we got back (well 95% of it)
your having a laugh ........In 2018 the UK made an estimated gross contribution (after the rebate) of £13.2 billion. The UK received £4.3 billion of public sector receipts from the EU, so the UK's net public sector contribution to the EU was an estimated £8.9 billion.
that's a lots of Researchers ? 95% of £8.9 billion ..................
I assume your a liberal Democratic and believe you will revoke !! while 17.4 million are dead in a ditch and will let you ..
Should qualify, since the Referendum.
Still stands to reason, passenger numbers have gone up.
And whilst forecasts may have been for fewer passengers, that doesn't account for cash already burned.
totally with you illbetabuck on that, I think the Lib Dems are being underestimated at present, there will be a very large part of the population who previously voted Con, unhappy with BJ and others, and keen to stay in the EU, 48% of voters in the referendum voted to stay, perhaps some have changed their minds, but so have some who voted the other way, let's say it is 50-50 now for arguments sake and difficult to argue with that presently, I see a very large amount of people voting as you suggest, I will be one too when the opportunity comes, sadly we may already be out by then though!
Very sorry for all on here who have lost money on shares or holidays. I had some flights booked in a couple of weeks, have managed to rebook on Jet2 (3.00am this morning....!), however their prices had increased a little. I will get money back thankfully due to CC and insurance cover, and also I am told the difference in flight costs due to 'consequential loss' - worth others being aware of that which I had not fully appreciated - GLA
Brexit hasn't yet happened
the figures for 2019 (when Brexit was expected to have happened) is 12% lower than 2018
we never see these figures although Buck can confirm they may have been included in that report that was produced a few weeks ago????
Thomas Cook Passenger Figures Since Brexit
2016 - 6,623,564
2017 - 7,319,546
2018 - 8,092,208
Source:
https://www.statista.com/statistics/309385/thomas-cooks-uk-passenger-numbers/
Please can we refrain from spreading fake news about holiday makers not travelling because of Brexit.
Yes that was put out there yesterday, but it has been clarified officially by GOV that it will be £100m
as its twice what Monarch cost 2 years ago, clearly it may be say up to £125m, 150m but nowhere near that figure
bit late...
Quisty, the FT is reporting the repatriation costs as being anything up to £600m
Tui are the biggest operator but I feel that on the beach / love holidays will be the biggest beneficiaries of this mess. I’ve held Tcg at various stages over the last year and really did hope that they would find a way to survive. I feel sorry for all those that have lost money or jobs but this is not the fault of the government, Europe etc the £ value has made matters worse but this whole thing goes back to my travel takeover and not moving with the times.
Pearls, should the government have bailed out Debenhams or other retailers? Were do you draw the line? It was up to £250 million the company needed from the company ... well next time a company is in trouble the bond holders might just say "forget it, ask the government for the funds and leave us out of it"... why were the shareholders HERE not asked to put in more? If the government had a stake in this company I would agree but it sets a dangerous precedence bailing out a private company ... it would be expected every single time going forward...