‘Ridiculous’: Thomas Cook customers still waiting for refunds

Thousands of Thomas Cook customers are still waiting to be compensated four months after the travel group collapsed, leaving 650,000 holidaymakers with worthless future bookings. Frustrated customers who have contacted Guardian Money alleged that chaotic administration at the private firm subcontracted by the Civil Aviation Authority has led to long delays and a lack of promised refunds. Thomas Cook collapsed […]

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We shouldn’t be too sceptical about rescue of Thomas Cook shops

The package holiday market is dead and nobody under 40 goes to a travel agent, declared Michael O’Leary after the failure of Thomas Cook. So one must assume the Ryanair boss would diagnose an extreme case of naïvety at Hays Travel, the Sunderland-based, family-owned firm that has emerged as the surprise rescuer of 555 Thomas Cook shops and the willing […]

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Hedge funds win big from short-selling Thomas Cook shares

While thousands of holidaymakers were waiting in overseas airports for the government’s emergency airlift to get them home and Thomas Cook staff were losing their jobs, a group of international hedge funds who bet against Thomas Cook have made big profits from its collapse. Nearly 11% of the travel company’s shares were ‘shorted’ ahead of its collapse. Short-sellers try to […]

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Sports fans likely to be hit by Thomas Cook’s collapse

Sports fans who bought tickets for major football matches and England’s winter cricket tour to South Africa are among those who could be affected by the collapse of Thomas Cook. Thomas Cook Sport, a specialist division of the fallen tour operator, provided tickets and accommodation for some of the UK’s biggest football clubs, including Manchester United, Liverpool, Chelsea and Tottenham. […]

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Thomas Cook collapse: your questions answered

The collapse of Thomas Cook is the biggest failure ever of a UK package holiday company, and leaves approximately 150,000 British holidaymakers stranded abroad – and many more with holiday bookings that will never take off. If you are among the many affected travellers, what happens now? Firstly, the Civil Aviation Authority has advised those affected to visit http://thomascook.caa.co.uk. For […]

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Thomas Cook in last-ditch talks to avoid collapse

Thomas Cook is holding last-ditch talks with key players on Sunday morning in a bid to avert a collapse that will affect 150,000 UK holidaymakers abroad and put 9,000 British jobs at risk. The travel company is at risk of falling into administration imminently unless it finds £200m in extra funds. The government and the UK aviation watchdog are preparing […]

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Thomas Cook Q1 Underlying Loss Widens; Announces Strategic Review Of Airline

British tour operator Thomas Cook Group Plc. (TCKGY.PK,TCG.L) reported Thursday that its first-quarter seasonal underlying operating loss increased by 14 million pounds on a like-for-like basis to 60 million pounds, against a strong prior-year period.Currency translation movements during the quarter led to an impact of 4 million pounds. Loss from operations on a reported basis increased 7 million pounds, reflecting […]

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