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[alfie]

With yesterdays news that Thomas Cook travel has had to ask the banks for extra funds,would you chance booking your next holiday with them.
How are the other travel companies doing,How are they handling this down turn in travel,I know that I've not yet booked next years holiday,how about you.
                                         Alfie.

[albitz]

Shouldnt be a problem booking with them.They are ABTA registered/ bonded so you wont lose your money.

[alfie]

Yes thats true but,it's takes abta a long time to refund your money,and you lose your holiday that if you'r like me and have to save hard for months to pay for it. I would be unable to just cough up another  grand.
                                         Alfie.

[r1]

also youve booked the time off work.

[albitz]

Depends then how soon you need to book.I cant see the present situation lasting much longer.They will be rescued or go down the pan in the next few weeks I would think.My guess would be some sort of rescue package from the banks,but you never can tell these days.

[albitz]

Share has risen 29% so far today.Tempting,very tempting.

[Varche]

Go on Albs, buy the company. Then asset strip and double your money! High street branches could be sold off to one of the charity shop outfits.

alfie you won't be the only person concerned. They may well be just needing bank funds (good luck with that) but it has amazed me that more high street travel agents haven't gone to the wall with the numbers of people booking their own flights, accommodation and so on. You don't have the security of ABTA for the whole package but with travel insurance and airline guarantees you aren't too bad off. I would wait a week or so.

[Rods2]

Go on Albs, buy the company. Then asset strip and double your money! High street branches could be sold off to one of the charity shop outfits.

alfie you won't be the only person concerned. They may well be just needing bank funds (good luck with that) but it has amazed me that more high street travel agents haven't gone to the wall with the numbers of people booking their own flights, accommodation and so on. You don't have the security of ABTA for the whole package but with travel insurance and airline guarantees you aren't too bad off. I would wait a week or so.

If you book directly using a debit card, then you can always purchase Airline Failure Insurance to insure your risk. They will refund your ticket costs and some do / don't also insure your other costs like hotels booking fees, transfers etc.

[albitz]

Go on Albs, buy the company. Then asset strip and double your money! High street branches could be sold off to one of the charity shop outfits.

alfie you won't be the only person concerned. They may well be just needing bank funds (good luck with that) but it has amazed me that more high street travel agents haven't gone to the wall with the numbers of people booking their own flights, accommodation and so on. You don't have the security of ABTA for the whole package but with travel insurance and airline guarantees you aren't too bad off. I would wait a week or so.

Why asset strip.Its a great brand which has been very badly managed recently.It has gone on a £500 milion spending spree this year,its cash outgoings are £30 milion per month etc. Its share price 9 months ago was (iirc) over 200p.It needs good management and fast, who need to be able to demonstrate to its bankers that it can be turned around relatively quickly.
No use moaning about  its bankers possibly being reluctant to lend it even more money unless you would be willing to ring your bank today and tell them to use the money in your account to purchase X amount of Thomas Cook shares as that is basically what the companies banks will be doing if they lend them more money.If they handed over the money without being confindent the company will survive then they would be guilty of gross irresponsibilty in the handling of the money belonging to their depositors and shareholders. They made that mistake before,by lending people in the U.S. money for mortages they couldnt afford to repay,which triggered the sub prime crisis which caused the credit crunch etc.If they are more reticent now about lending money to high risk borrowers we can hardly complain, can we ?

[albitz]

And now up 42%.

[Rods2]

The reason they gave for the cash shortfall was the unrest in Tunsia and Egypt, so winter holidays are not being booked. If you think Greece, Spain and Italy as major summer holiday destinations are going to in peak financial form with no civil unrest, then their shares maybe a good bet, if maybe not, then Caveat Emptor. 

[fiend61]

yes but albs if you bought the company think how many spare parts you could then have 

[albitz]

The shares were certainly a fantastic short term bet for those brave enough to buy them this morning.Medium term - hard to say imo.

[albitz]

yes but albs if you bought the company think how many spare parts you could then have 

Could export Omega parts in the cargo hold of the planes.

[fiend61]

hmm think of all the hanger space waiting to filled up with 'that will come in handy one day'