So today seems to be make or break for them, what does everyone think is going to happen?
I think there's "only" 16m in the atol funds and the government has to stump up the rest. But still don't trust the claims it's cheaper long term to bail them out. Don't know enough about it really thought.They're trying to sell it as cheaper to bail out than to fund flying back everyone, but I think that's misleading.
Completely agree that this is misleading. It’s not a case of £200m or £600m as all passengers are covered by ATOL
Direct competition with TuiI thought bankruptcy was just usa
Are they not same company as tui now?
I really hope they don't get a bailout, not that I want anyone to lose their job but it's just bandaid money and it's not the government's responsibility to bail out private companies that haven't kept up with the times. That's not capitalism.
With the public debt and how much services are underfunded it would be a huge disservice to everyone.
They're trying to sell it as cheaper to bail out than to fund flying back everyone, but I think that's misleading.
If you are going to make this sort of argument, then you must deal also with the Banking crisis of 2008, where British banks and former building societies which had become quasi banks, were effectively nationalised and bailed out by the government of the day.I think there's "only" 16m in the atol funds and the government has to stump up the rest. But still don't trust the claims it's cheaper long term to bail them out. Don't know enough about it really thought.
Once businesses work to undercut each other on price, it is simply a race down into the vortex. UK Competition Law introduced by Thatcher just requires competition. It does not care whether quality standards are lowered: it simply demands that you compete. Inevitably ans inexorably, this leads to the survival of the fittest (sic) and only a few (if that manyy) are left standing: at that point, monopolies emerge, and once you have something approaching a monopoly, you can fix your price to your hearts content ( because there is no competition left to undercut you)I don't understand why these huge holiday companies operate to the bottom line all the time. How can you run out of money so quick, do they not ensure they have enough reserve ? Is it greed in offering too many holidays that they can't fulfil? This seems to happen every year.
And many do. But many lack the confidence to do so - I hesitate to suggest that they may be of Brexiteer mentality, but that is where I wquld place my betI'm not going to lie.. I didn't realize people still book through travel agents. We are late 20s and mid 30s and when we book vacation, we book flights and hotels ourselves.
We are in Canada now but even in Europe we just did it ourselves.
I’m very strongly a remainer.And many do. But many lack the confidence to do so - I hesitate to suggest that they may be of Brexiteer mentality, but that is where I wquld place my bet
Comparing it to companies that are vital for infrastructure, security and business isn't the best match.I cannot see why Thos Cook holidaymakers and jobs should not be saved at this stage.
I totally agree with what you are saying about millennials, they have been totally screwed over and many still don't realise just how bleak their future will be.We could see Mr and Mrs Average of the UK priced out of abroad holidays completely. It's sad times for the younger generation all round
Remarkable. Can you fill in on the comparative prices, please?I book packages still but only after checking out the price of doing it directly. This year my holiday was several hundred pounds cheaper than diy via Jet2 plus there’s the extra protection of ABTA/ATOL (not all Flight only bookings are covered by ATOL) and a Rep who we actually did need for assistance when we were away and she was an absolute lifesaver.
Cruises!I’m very strongly a remainer.
But I don’t think your opinion on brexit affects whether you book a package holiday, and I’m not sure it’s a confidence thing either. It can be cheaper, and there are hotels you can only book through travel agents. We book cruises through a travel agent because it costs the same as booking direct but the nice human being in the shop will deal with any changes or problems rather than having to wait hours on the phone to talk to someone over a bad line. If you’re booking as a group it can be a lot easier to have one all in price for people rather than lots of separate charges to admin. And some people (busy lives, kiddies) just don’t enjoy doing the research and would rather the travel agent did it for them.
Lots of reasons to use a travel agent regardless of whether you want to remain in the European Union or not
Just because you’ve not doesn’t mean others haven’t Trust me, like for like booking separate for the holiday in August at the time I booked (10 months in advance) was dearer once baggage, transfers, the same flights and hotel were taken into consideration. And no, I didn’t travel to one of those “hell holes” (snobby much!) quoted.Remarkable. Can you fill in on the comparative prices, please?
For myself, I can only say that if I research flights and hotels for myself, that I never feel i am out of pocket compared to a package,, but then I have no desire to travel to Magaluf (at least, in season) nor Aya Napa, nor Ibiza,
nor other hell holes which young Brits seek to infest
Please disable your adblocker to use tattle