Have no doubt23 Apr 2019 16:39
TC are in a bit of a sticky situation, £ BILLIONS in debt, with the current situation they are on very dodgy ground.
This is not the situation like we had back in 2011. Then they had the contract to sell tickets for the Olympics the following year, my view was that there was no way they would be ALLOWED to fall with the issues that would bring, imagine the reaction with people not getting tickets etc. I had these at a few pence per share, a bit of a gamble but paid dividends.
Now is a different story, closing shops, people booking on line, taking the price out and about to companies working on a profit margin of £20 - £50 per passenger, dynamic packaging by Easyjet all on one site cutting out the traditional travel agent, more and more people booking direct. High street shops with MASSIVE rents, rates, staff wages etc etc.they have hundreds of shops, sometimes two or more in one town.
The move to online is a little too late, they should have carried it forward when Harriet was in charge.
Good weather in the UK, bad booking figures in the peak business months of Jan/Feb.
Cheap "late" deals. Now till the middle of July is the time for cheap holidays - May half term the exception. The charter flight will have to go with 50 or 150 people on board - dont forget the people who went out the week before still need to be brought home. What is the cost of half full flights going out and back? Fuel prices rising, exchange rates and the pound in an erratic mode. All these things need to be taken into account.
Its a bit of a gamble but then all is with the stock market.
On a personnel level I have bought, but when I get my selling point I will be out.
IMO - DYOR - etc