We would love to hear your thoughts about our site and services, please take our survey here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksThomas Cook Share News (TCG)

  • There is currently no data for TCG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Thousands Of Thomas Cook Customers Flown Home Amid Anger Over Bonuses

Tue, 24th Sep 2019 06:38

(Alliance News) - Thousands of stranded Thomas Cook Group PLC passengers will be repatriated on Tuesday as the rescue operation continues into its second day.

Holidaymakers were being brought home amid questions over the multimillion pound sums received by the bosses of the firm prior to its collapse.

The conduct of the directors will come under the microscope as the Insolvency Services fast-tracks an investigation into the circumstances surrounding the company going into Liquidation.

After that happened in the early hours of Monday, there was anger at other travel firms and airlines hiking their prices.

Around 15,000 holidaymakers were flown home on an estimated 61 flights on Monday, after the travel company collapsed.

Some 150,000 tourists will be brought home over the next two weeks in a UK Civil Aviation Authority flight programme costing GBP100 million.

Richard Moriarty, chief executive of the CAA, said the government had asked his organisation to launch "the UK's largest ever peacetime repatriation".

Forty-five aircraft from as far away as Malaysia have been chartered to operate approximately 1,000 flights from 53 airports in 18 countries over the next fortnight.

On Monday evening, the UK prime minister visited staff at the British consulate in New York City, who are working to bring stranded travellers home.

He tweeted: "It's a tough time for those who have had holidays disrupted but team hard at work to support them.

"Thanks to all the staff who represent our country so well."

Earlier in the day, Johnson questioned whether directors should pay themselves "large sums of money" as their businesses go "down the tubes".

Speaking to reporters in New York, he said: "How can we make sure that tour operators take proper precautions with their business models where you don't end up with a situation where the taxpayer, the state, is having to step in and bring people home?

"I have questions for one about whether it's right that the directors, or whoever, the board, should pay themselves large sums when businesses can go down the tubes like that."

Liquidators will now see if any money can be found within more than 25 Thomas Cook companies to hand back to staff and creditors.

The travel agent had about 550 high street locations across the UK, however, it leased its planes, rented its shops and acted as a broker with third-party hotels and cruise ships, meaning it has minimal assets.

Some staff on the final Thomas Cook journeys on Monday evening were informed mid-flight that they had been made redundant effective immediately.

Passengers on the Las Vegas to Manchester service had a whip-round in support of cabin crew and handed over two carrier bags of cash after learning that staff would not be getting paid.

Mayor of Manchester, Andy Burnham, visited crew at Manchester Airport, and said some were owed up to three weeks' wages.

However, other companies have stepped forward with offers of interview or work in an attempt to reach out to redundant staff.

Virgin Atlantic and easyJet PLC have both asked former Thomas Cook employees to register their interest for work opportunities, and Great Western Railway and London North Eastern Railway have both said they are looking for staff.

One of the world's oldest and largest travel companies, Thomas Cook had been trading for 178 years – having been established in 1841 by a cabinet maker who organised a day trip for temperance movement supporters.

As of this year, the group employed 21,000 people in 16 countries, operated 105 aircraft and 200 own-brand hotels and resorts.

Thomas Cook customers are advised to visit the CAA's dedicated website, thomascook.caa.co.uk, for more information about what they should do next.

By Caitlin Doherty, PA

source: PA

Copyright 2019 Alliance News Limited. All Rights Reserved.

More News
23 Sep 2019 17:15

LIVE MARKETS-Closing snapshot: dismal PMI cast pall over Europe

* European shares fall after disappointing PMIs * STOXX 600 down 0.8% for biggest one-day fall since Aug. 14 * DAX hits lowest in 2 weeks * Euro zone business growth stalls in September * Investors wait UK Supreme Court ruling...

Read more
23 Sep 2019 17:00

LONDON MARKET CLOSE: Thomas Cook Collapse Helps FTSE Avoid Steep Loss

LONDON MARKET CLOSE: Thomas Cook Collapse Helps FTSE Avoid Steep Loss

Read more
23 Sep 2019 16:21

RIP Thomas Cook: holiday dreams washed away by tide of debt

By Paul Sandle and Kate HoltonLONDON, Sept 23 (Reuters) - Thomas Cook sold tens of millions of Britons a summer holiday to remember with the slogan "Don't just book it, Thomas Cook it".But behind the glossy brochures, it was struggling to adapt to...

Read more
23 Sep 2019 15:48

Strains that sank Thomas Cook weigh on European airlines

* Thomas Cook collapse highlights common threats* Two French carriers in bankruptcy court* Bust airlines list expected to growBy Laurence FrostPARIS, Sept 23 (Reuters) - The collapse of travel group Thomas Cook and a trio of subsidiary airlines, lea...

Read more
23 Sep 2019 15:36

LIVE MARKETS-Thomas Cook: gamechanger for troubled travel sector?

* European shares fall after disappointing PMIs * STOXX 600 down 0.9%, DAX hits lowest in 2 weeks * Euro zone business growth stalls in September * Investors wait for clarity on Sino-US talks * Travel sector stocks gain after ...

Read more
23 Sep 2019 13:41

UPDATE 1-Thomas Cook operator in Egypt says 25,000 bookings cancelled -statement

(Add details)CAIRO, Sept 23 (Reuters) - Thomas Cook operator Blue Sky Group said on Monday that 25,000 reservations in Egypt booked up to April 2020 had been cancelled.The cancellations came as Thomas Cook, the world's oldest travel firm, collapse...

Read more
23 Sep 2019 13:13

UPDATE 2-Sterling steady as traders watch Brexit talks, await Supreme Court ruling

* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh* Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv (Updates prices)By Olga CotagaLONDON, Sept 23 (Reuters) - Sterling was steady on Monday as investors looked for ...

Read more
23 Sep 2019 13:13

UPDATE 1-Sterling steady as traders watch Brexit talks, await Supreme Court ruling

* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh* Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv (Updates prices, adds chart, quote and context)By Olga CotagaLONDON, Sept 23 (Reuters) - Sterling held steady on ...

Read more
23 Sep 2019 12:50

Thomas Cook shareholder says firm to be sold as whole or in parts

ISTANBUL, Sept 23 (Reuters) - Thomas Cook will be sold as a whole or in parts after its collapse, the company's second-largest shareholder said on Monday, adding he would see what is offered before deciding whether to buy more assets.Neset Kockar,...

Read more
23 Sep 2019 12:49

Thomas Cook operator in Egypt says 25,000 bookings cancelled -statement

CAIRO, Sept 23 (Reuters) - Thomas Cook operator Blue Sky Group said on Monday that 25,000 reservations in Egypt booked up to April 2020 had been cancelled.Blue Sky currently has 1,600 tourists in Egypt's Hugharda resort, CEO Hossam El-Shaar said i...

Read more
23 Sep 2019 12:32

UPDATE 1-Thomas Cook owes Tunisian hotels 60 mln euros -minister

(Adds quotes, background, context)TUNIS, Sept 23 (Reuters) - Thomas Cook owes Tunisian hotels 60 million euros ($66 million)for stays in July and August, Tourism Minister Rene Trabelsi told Reuters on Monday, adding that 4,500 British Thomas Cook ...

Read more
23 Sep 2019 12:13

LIVE MARKETS-German climate plan: is that fiscal stimulus?

* European shares fall after disappointing PMIs * STOXX 600 down 0.8%, DAX hits lowest in 2 weeks * Euro zone business growth stalls in September * Investors wait for clarity on Sino-US talks * Travel sector stocks gain after ...

Read more
23 Sep 2019 12:04

LONDON MARKET MIDDAY: Bleak Eurozone Data Keeps Stocks On Back Foot

LONDON MARKET MIDDAY: Bleak Eurozone Data Keeps Stocks On Back Foot

Read more
23 Sep 2019 12:03

UPDATE 1-Turkey could miss out on 700,000 tourists a year after Thomas Cook collapse - hotel federation

(Adds tourism ministry, flight changes, context)ISTANBUL, Sept 23 (Reuters) - Turkey could miss out on 600,000-700,000 tourists a year following the collapse of British tourism agency Thomas Cook on Monday, the head of Turkey's Hoteliers Federatio...

Read more
23 Sep 2019 11:54

Avation To Repossess Aircraft But Not Likely Hurt By Thomas Cook Fall

(Alliance News) - Avation PLC on Monday said it has issued default notices to Thomas Cook Group PLC to repossess its two aircraft with the collapsed holiday operator.Avation, an aircraft as

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.