41–50 of 285 posts
I was always wondering about the profit margins of these companies. From their prices I always felt that I am paying a portion of the previous guy's vacations. I'd call it a pyramid scheme, only everybody loses.
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
This is quite bad behaviour from the hotel. Presumably their business relationship is with Thomas Cook, not the people on holidays?
They went as far as grabbing people who jumped a wall in an attempt to get out!
More details here: https://www.bbc.co.uk/news/uk-49787563
The hotel is this one, maybe one to avoid: "Les Orangers resort in Hammamet, near Tunis."
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…
> Customers at a hotel in Tunisia reported being locked in by security guards as the hotel demanded extra money, fearing it would not be paid by Thomas Cook. This is quite bad behaviour from the hotel. Presumably their business relationship is with Thomas Cook, not the people on holidays? They went as far as grabbing people who jumped a wall in an attempt to get out! More details here: https://www.bbc.co.uk/news/uk-4…
Meanwhile, Thomas Cook holidaymakers were anxious that they might be evicted from their hotels or charged again for their holidays. Holiday companies do not normally pay hotels until up to 90 days after guests have left.
Do hotels typically have insurance that covers situations like this?
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
> Customers at a hotel in Tunisia reported being locked in by security guards as the hotel demanded extra money, fearing it would not be paid by Thomas Cook. This is quite bad behaviour from the hotel. Presumably their business relationship is with Thomas Cook, not the people on holidays? They went as far as grabbing people who jumped a wall in an attempt to get out! More details here: https://www.bbc.co.uk/news/uk-4…
> Those buses that arrived to transport holidaymakers to the airport at Enfidha were turned away by security, Orangers guests told the Guardian.
https://www.theguardian.com/business/2019/sep/22/thomas-cook...
Strange... must be down from the 600k reported by Business Insider: https://www.businessinsider.com/thomas-cook-bankrupt-airline...
There is some number of passengers who have not yet left on their trip, who are part of that number.
I was always wondering about the profit margins of these companies. From their prices I always felt that I am paying a portion of the previous guy's vacations. I'd call it a pyramid scheme, only everybody loses.