Live data from Hacker News

Thomas Cook collapses, stranding 150k UK holidaymakers

theguardian.com

21–30 of 285 posts

Re: Thomas Cook collapses, stranding 150k UK holidaymakers

#21

Is this brexit related?

I’ll also add a lot of people’s reluctance to travel around the time period of each hard Brexit date.

Nobody wanted to risk getting stranded at any changeover, and a lot of industries are probably reluctant to grant time off during it.

Re: Thomas Cook collapses, stranding 150k UK holidaymakers

#22

Reminder again to never hold gift cards. I had a family member who was gited a $3,000 travel voucher with an agency - I told them to exchange it in for flights asap as you can book up to a year out, change the tickets later and it's better to be a creditor with a national airline than a likely-going-out-of-business-because-of-online travel agency

This is literally an Airline going out of business, the opposite to the point you're making.

They do much more than just airlines. For example: https://en.wikipedia.org/wiki/Thomas_Cook_Hotels_%26_Resorts

Re: Thomas Cook collapses, stranding 150k UK holidaymakers

#23
Guardian reports:

> Dozens of charter planes have been brought in from as far afield as Malaysia to assist with the mass airlift.

Getting a charter plane has been quite difficult since the 737MAX grounding.

Any excess capacity has been soaked up.

There have been lots of unusual chartering by airlines that don’t usually charter. Air Canada had been using some, and it’s exceptionally rare for them to not use AC-branded planes.

At least it’s not the high season.

Re: Thomas Cook collapses, stranding 150k UK holidaymakers

#24

Is this brexit related?

The exchange rate decline was likely the biggest Brexit-related factor.

... they should have hedged it for the packages people had actually purchased. That's what currency hedges are for.

Prices going up do decrease sales, of course.

Re: Thomas Cook collapses, stranding 150k UK holidaymakers

#26
Why do these travel companies always go bust in a way that leaves people stranded?

Surely the management must have known a week or two ago that the company was about to go under. In that case, stop anyone flying out but still bring people back. By the time they actually cease trading there should be few people left abroad. Some managers in Thomas Cook must have known that people flying out were going to end up stranded and they just let them go.

Re: Thomas Cook collapses, stranding 150k UK holidaymakers

#27

Does this mean Condor Airlines is shutting down as well? Their website[1] says they're continuing to fly, but I'm wondering if there any sort of precedent for what happens to child companies when the parent becomes insolvent. Having just returned just last week from Europe via Condor Airlines, I'm glad I don't have to worry about this mess. [1]: https://www.condor.com/us

Same issue here in the Nordics with Tjärebörg. At least the Finnish version is claiming this won’t affect them, and has been saying this for weeks. I’d call this bullshit, as far as being irresponsible. It sounds to me like a CEO trying not to spook potential customers rather than being honest with existing ones.

My partner has a holiday with them booked for November. I don’t have high hopes for that.

Re: Thomas Cook collapses, stranding 150k UK holidaymakers

#28

Why do these travel companies always go bust in a way that leaves people stranded? Surely the management must have known a week or two ago that the company was about to go under. In that case, stop anyone flying out but still bring people back. By the time they actually cease trading there should be few people left abroad. Some managers in Thomas Cook must have known that people flying out were going to end up strand…

The moment they stop flying out, they collapse. In that case they leave people behind and sink the company actively. Not a situation any manager wants to end up in.

Re: Thomas Cook collapses, stranding 150k UK holidaymakers

#29

Why do these travel companies always go bust in a way that leaves people stranded? Surely the management must have known a week or two ago that the company was about to go under. In that case, stop anyone flying out but still bring people back. By the time they actually cease trading there should be few people left abroad. Some managers in Thomas Cook must have known that people flying out were going to end up strand…

I'm sure you read the article, which mentions that there were negotiations up to the last minute to raise the last 200mm pounds on top of the 900mm pounds existing rescue package.
Post reply on HN