Calis Beach and Fethiye Turkey Discussion Forum
Flights, Airlines and Airports => Flights to Dalaman and Turkey, Airlines and Airports => Topic started by: amca on November 22, 2011, 09:48:18 AM
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Some financial difficulties being reported today.
I do not want to start a panic but I would be using a credit card if booking today.
Check it out for yourself if it interests you.
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Yes indeed - definitely pay the credit card surcharge: http://www.guardian.co.uk/business/2011/nov/22/thomas-cook-shares-halve-bank-talks?newsfeed=true
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Looks to me like another one going down:(
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I can't see them going down (famous last words) but I can see them having a massive shake up of their business. They now own Coop Travel as well so I can see many jobs going and shops closing.
More worries for the industry as fuel prices set to rise again soon. Also very bad news for us punters as if they do go under it will be less competition for the others - which will mean prices will continue to rise.
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Mmm seem to remember some debt shifting to other countries and a bit of a restructure with some bits closed down 18 months ish ago not to mention Manny Fontenla-Novoa one of the most respected men in the travel industry quitting his job in August of this year. Not long after Goldtrail ceased trading someone who works as ground staff at Gatwick told me that the general word around was that Thomas Cook were at risk - most people I've spoken to have dimissed the claim saying that the company is too big to fail. Hopefully they can pull through this - they have been a part of the UK travel industry for a very long time and it will be a sad day if they do fail. My Dad had a saying - "the bigger they are the harder they fall" - so credit cards for making payment and comprehensive holiday insurance that covers failure of tour operator/airline.
PS - 1808 Thomas Cook is born on 22 November in the village of Melbourne in Derbyshire - one hell of a birthday announcement!
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Shares opened at around 40p, between 08:00 this morning and now they have lost 67.96% and are now at around 13p. Not as bad as mid morning where they went below 10p...
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Maybe the time is right to buy shares an wait for Stelios to take over, now he is looking for a job ;)
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It dont look good, they are asking for another £100m from the banks, which will take their debts to around £1b , too much to cope with repayment wise during a recession i would think.
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a bank wont lend you their umbrella if its raining
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It is rather worrying as they obviously have no money to update planes.
We have got home today from 2 weeks in mexico, it was a thomas cook holiday but the plane was one of the old airtours ones that has the toilets downstairs.
Following the welcome meeting when we got there we were just chatting to the rep about different holidays etc and he said that tc are actually doing away with alot of their long haul flights and using BA or Virgin instead as some of the planes are getting quite old, not very encouraging when you're sitting there thinking I've got to go home on one of them planes! :(
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Not good news :(
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Can anyone tell me of nay insurance policy that will cover insolvency in it? Thanks been caught twice already :(
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You may recall all our wedding flights we had booked and lost with Aegean....ironically, we already had a week booked with a different airline in April to do all the paperwork etc for our June wedding in Turkey. Never mind, we thought, we shall get married in Brum and use that flight for our honeymoon! So, wedding all booked etc for 21st April, flight for honeymoon all booked on 30th April.
Honeymoon flight booked with............Thomas Cook!
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So it's your fault! ;)
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quote:
Originally posted by marytheresa
Can anyone tell me of nay insurance policy that will cover insolvency in it? Thanks been caught twice already :(
I am not recommending but Direct Line do it.
If you are doing a Google i suggest: Airline supplier failure insurance.
Be wary as some supplier failure policies exclude Airlines e.g. Insurengo.
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Yes - but also be very aware that failure insurance very often only covers scheduled flights and not charters such as Fly Thomas Cook.
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OK - they are knackered!
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The company are owned by a German company, so Herr Angela Merkel will ensure that Euro money is used to bail them out, if the boot was on the UK foot still, and it was 52% UK owned then, Oh hell let them drown!
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Keith is right on this one,insolvency is not included on charter flights only on scheduled services I searched on the net a lot last night.I called the post office insurance and the customer service lady did not know herself and had to "phone a friend" so to speak to ask!:(
Looks like a waiting game now :o
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Ok,without a chrystal ball nobody not even TC themselves knows what the outcome may be. However nervous we are, not booking with them can only contribute to their predicament with the inevitable result ie loss of competition. It's my guess and only a guess is that they will restructure well and pull through. That said, had I the money I would be tempted to buy shares in them at the present price. I would also surmise that Turkish Airlines and their friends are watching this very carefully and making their own plans !
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They must be ripe for a takeover at 10p a share. Valued at £90m now from £900m last winter.
Virgin?
Might be worth a punt but I'm not bothering after paying 22p for RBS last year. Looking long term at that one though.
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I have just booked with FlyThomasCook for flights in February 2012.
I used my credit card.
To fly with any other airline is twice the price and means changes in Istanbul.
I will be watching the news until February and try to be ready to jump quickly onto another airline should the worst happen.
If the worst does happen the other airlines will be looking to hike prices, probably.
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That's the ticket amca -in every sense !
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Lots of reports here in the UK BUT all of them emphasising that flights and holidays booked are SAFE. I think the price of flights and holidays will be expensive but I would doubt very much if they went to the wall. Continued problems in Egypt are not helping and along with the euro, it's not a good time for tour operators. We have to promote Turkey and the good exchange rate to ensure that regular flights are maintained.
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Amca which arrival airport have you booked with TC for if you dont mind me asking, I am desparate to get a flight to Dalaman between the 10th and 13th February but can only find flights with changes via Istanbul:(I would be happy to book with Thomas Cook and just keep an eye on things like you are going to do, as someone else has said I dont want to add to their problems by not using them, thanks for any info you can give :)
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I was checking earlier and the TC flights I could find for February were only Gatwick to Antalya if that helps any.
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We've also booked with Thomas Cook for a holiday in Crete in July.I changed it earlier from one booked for January when I knew I was having a problem(Decision Made topic).That change cost me about £140.I thought it was better to change the holiday,rather than cancel and lose the money I had already paid.I don't believe they will fold but it does look bad.I didn't know that they were now owned by a German consortium.Seems to me everything in Euroland is precarious.Might buy shares as suggested and will check the price today.Takes my mind off other things ;)
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Thanks Keith :), I had seen the Antalya ones and whilst I am happy to fly to Antalya I am not brave enough to try and get from Antalya to Calis by myself, a private transfer is just too much there and back :(
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Guess what my son asked for as gifts when he married recently?????
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Socks?
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Running shoes ?
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A microlight
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quote:
Originally posted by Karennina
Thanks Keith :), I had seen the Antalya ones and whilst I am happy to fly to Antalya I am not brave enough to try and get from Antalya to Calis by myself, a private transfer is just too much there and back :(
It really is very easy using the otobus, there's one from the airport to the otogar 2.5tl & from the otogar loads of buses to Fethiye 18tl
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Karennina
Flying from Glasgow to Antalya on 1st February.
Gets into Antalya around 3-30pm.
Bus 600 to Otogar from airport.
Aiming to get to Otogar in time for Fethiye bus around 6 at latest.
Arrive Fethiye between 9 and 10pm.
Dalaman is not available ..... well, I have not found anything
You can return from Dalaman in March/April.
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quote:
Originally posted by Scunner
Socks?
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Originally posted by scorcher
Running shoes ?
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Originally posted by Jacqui Harvey
A microlight
They'd have been more useful. [xx(]:([:(!]