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I gotta to confess, I live in Netherlands, its been fantastic during the coronavirus outbreak, Rutte the PM asked, yes he asked! not demanded, most people complied, most shops remained open to break even, social distancing in place and schools were shut around two weeks before the UK. The UK still had theaters and cinemas open which were spreading the virus at the beginning. We in Europe are laughing at the UK with your packed beaches and your PM. Sorry to say it, but yes you have become the laughing stock of Europe.
I am a Brit living abroad saying that. Time to change passports now....
This actually does not bother me at the moment, most companies are holding onto cash and not paying any invoices, right now cash is king for survival.
However, agread, this is what cook did towards the end.
By the way, im currently not holding sold around 6.10 and waiting for another entry point.
I have to say they are very active in reducing costs for survival. Thomas Cook was a lot slow in letting people go. As it happens Thomas Cool would never have survived 2020. However, TUI seems to be a much more nimble company recognizing what it has to do.
Even with the additional funding, you would have just been delaying the inevitable. Simlply TCG were spending to much money. They should have made staff redundant, closed shops sold off parts for survival.
Even with the Fosun deal it would have just delayed it. The changes should have happened 12-18 months ago.
The BOD are to blame. They just collected their a
Salaries not working in the interests of the company or shareholders.
I am however still super curious what airline offers there were. I hope that gets released in a news leak sometime...
Wanted to say thanks. I got out at 13.5 ish!
I had a colleague 10 years ago, 21 years old, got a massive bonus for saving the company 2 million in IT expenses which were not needed. So he bought bitcoin. He forgot about it and then boom he resigns worth 10 million plus. Good for him!
Tight g*t, still makes me buy the beers.... couldn’t of happened to a nicer guy tho.