thomas cook

Thomas Cook: Essential tips for holidaymakers as travel giant collapses   37%

Thomas Cook, the original package holiday company, has collapsed.

What the papers say September 24  

Chaotic dealings at the Labour Party conference and the collapse of travel company Thomas Cook dominate Tuesday’s front pages.

Thousands of Thomas Cook customers flown home amid anger over directors pay  

Thousands of stranded Thomas Cook passengers will be repatriated on Tuesday as the rescue operation continues into its second day.

Watch: First Thomas Cook travellers return to Northern Ireland   25%

The first Thomas Cook passengers returned to Northern Ireland on Monday night after the collapse of the company.

What will liquidators do with Thomas Cook?  

Thomas Cook, the world’s oldest travel agent, is now in the hands of liquidators, who will assess what assets the company has that can be sold off.

Thomas Cook passengers give staff carrier bags of cash after flight home  

Passengers on one of the final Thomas Cook flights collected two carrier bags of cash for the cabin crew, after learning when they landed that staff would not be getting paid.

Johnson questions directors payouts when businesses go down the tubes   1%

Boris Johnson has questioned whether directors should pay themselves “large sums of money” as their businesses go “down the tubes” following the demise of Thomas Cook.

Iconic British tour operator Thomas Cook collapses  

One of Britain’s biggest holiday operators and airline, Thomas Cook has “ceased trading with immediate affect”, the U.K. Civil Aviation Authority said on Sept. 22 morning.

Hundreds of thousands affected as British travel firm fails  

Families stranded, honeymoons and vacations canceled, thousands of workers laid off: The sudden collapse of British tour company Thomas Cook and its network of airlines and hotels sowed chaos for … Click to Continue »

The Latest: British PM questions Thomas Cook bosses pay   12%

The Latest on the collapse of British tour company Thomas Cook (all times local): 6 p.m. Prime Minister Boris Johnson says a "huge effort" is underway to bring home British … Click to Continue »

Thomas Cook: How the original package holiday company met its end after 178 years   35%

Thomas Cook, the Victorian entrepreneur who set up the company in 1841, was fundamental in transforming travel into the industry of human happiness

Former Thomas Cook bosses under fire for excessive pay   -10%

CEOs of collapsed travel firm received more than £35m in 12 years despite financial woes

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, former bosses of the stricken travel firm came under fire for receiving payouts worth more than £35m in the last 12 years.

Manny Fontenla-Novoa, who led the acquisition spree that saddled the company with more than £1bn of debt, was handed more than £17m in just over four years as boss of Thomas Cook, boosted by bonuses awarded for slashing 2,800 jobs following the merger with MyTravel. He quit in 2011 as the tour operator came close to collapse.

Continue reading...

Why did Thomas Cook collapse after 178 years in business?   -11%

Woeful merger, sky-high debts and internet revolution all left the venerable firm struggling

Why did Thomas Cook fail after 178 years in business? The immediate answer is that it was unable to secure a £200m lifeline from its bankers, including government-owned RBS.

But in truth the tour operator’s woes go back much further – a victim of a disastrous merger in 2007, ballooning debts and the internet revolution in holiday booking. Add in Brexit uncertainty, and it was perhaps only a matter of time before the giant of the industry collapsed.

Continue reading...

UK ministers accused of sealing Thomas Cook's fate   -2%

Offers from Spain and Turkey to save firm reportedly had no support from Westminster

The government has been accused of sealing Thomas Cook’s fate, as claims emerged that the Spanish and Turkish governments had offered to help save the stricken tour operator, only for the deal to disintegrate due to a lack of support in Westminster.

As recriminations flew, government-chartered aircraft began flying 150,000 stranded Thomas Cook customers back to the UK after the 178-year-old tour operator collapsed into liquidation in the early hours of Monday under the weight of its debts.

Continue reading...

Thomas Cook travel chaos: firm's collapse leaves 150,000 stranded abroad as it happened   25%

A huge repatriation effort has begun after company ceases trading with immediate effect, causing flights to be cancelled

This live blog is now closed. Our main story is here.

Related: UK ministers accused of sealing Thomas Cook's fate

And finally, here come the rest of the UK front pages, with Thomas Cook stories front and centre.

The Guardian highlights the claim that UK ministers scuppered hopes of rescuing the company (full story).

Tuesday’s GUARDIAN: “Corbyn sees off grassroots remain demand amid conference chaos” #bbcpapers #TomorrowsPapersToday

Tuesday's Times: "PM attacks travel firm bosses' pay" (via @AllieHBNews) #bbcpapers #TomorrowsPapersToday

Tomorrow's front page: Thomas Cook fatcats' £50m bonanza#tomorrowspaperstoday

Tuesday’s Daily MAIL: “Thomas Cook Fat Cats Had Creamed Off £47m” #bbcpapers #TomorrowsPapersToday

Tuesday’s Daily TELEGRAPH: “Corbyn accused of ‘stitch-up’ in Brexit vote” #TomorrowsPapersToday

Continue reading...

UK travel giant Thomas Cook collapses leaving hundreds of thousands stranded  

British travel giant Thomas Cook declared bankruptcy on Monday after failing to reach a last-ditch rescue deal, stranding hundreds of thousands of holidaymakers around the world. British Prime

UK travel firm Thomas Cook holds talks to avoid a collapse  

Thomas Cook, one of the world's oldest and largest travel companies, is holding talks with shareholders in a last-ditch bid to avoid going bankrupt.A collapse could leave around 150,000 travelers from

Tour operator Thomas Cook in race to avoid bankruptcy   20%

Thomas Cook, one of the world’s oldest and largest travel companies, is facing a race against time to stay afloat. The debt-laden British-based company has confirmed it is seeking 200 million

Travelers await Thomas Cook rescue talks  

Thomas Cook, Europe's London-based travel concern, hung by a thread Sunday as it sought further investment funds while 600,000 holidaymakers worried. If stranded, the British government says it has plans "in place."

Weddings ruined and passengers stranded by Thomas Cook collapse  

"We were promised a surprise on our wedding but this was not the surprise we were expecting," says a would-be groom, also named Thomas Cook, who is stuck in Greece.

Ineptitude and apathy: The stupid decisions that killed Thomas Cook  

Thomas Cook might have survived if not for mismanagement by its executives.

Thomas Cook smoothed path for well-to-do travellers   50%

There was a time when Australia's wealthy would call on Thomas Cook to arrange a season in London or on the Continent.

Thomas Cooks demise scuttles Fosuns goal of creating a global leisure empire spanning airline, tour operator, resorts and shows   33%

Fosun’s ambition to create one of the world’s largest leisure conglomerates – comprising a marquee hotel brand, an airline, a century-old tour operator, and one of the most iconic shows on earth – fell £200 million (US$249 million) short of saving Thomas Cook Group from liquidation.Thomas Cook, the 178-year-old UK tour operator, was liquidated on Monday after failing to come up with additional money to keep creditors at bay. Its demise left 600,000 holidaying customers in the lurch, forcing the…

Thomas Cook collapse sparks largest peacetime repatriation mission in British history   -1%

The collapse of iconic British travel operator Thomas Cook has thrown the travel plans of thousands of customers into chaos.Minutes after the tour operator filed for liquidation early Monday, holiday makers took to Twitter and social media platforms to vent their anger and seek help over nixed holidays and flights.Layton Roche, of Bolton, UK, tweeted he and his bride-to-be were packed and ready to get on a plane to the Greek island of Kos to celebrate their wedding. He implored Thomas Cook to…

Travel agent Thomas Cook faces collapse, leaving 150,000 UK holidaymakers stranded   -3%

Thomas Cook’s 178-year existence was hanging by a thread on Sunday after the iconic British travel firm struggled to find further private investment and is now relying on an unlikely government bailout. An emergency fleet of airlines was on standby to rescue up to 150,000 UK holidaymakers.The operator said on Friday that it needed £200 million (US$250 million) – in addition to the £900-million rescue deal secured last month – or else face administration, which could leave thousands of…

Thomas Cook bosses face scrutiny over collapse   -31%

The government says the official probe into Thomas Cook's failure must look at bosses' actions.

The Papers: Thomas Cook 'fat cats' and Meghan's dancing joy   -20%

Tuesday's front pages are dominated by the continued fall out of the collapse of travel firm Thomas Cook.

Thomas Cook: 'A passenger told me we had gone bust'  

Thomas Cook employees such as Ella Waine, pictured in her uniform, react to the company's collapse.

Thomas Cook customers react to holiday firm collapse   -20%

Passengers at airports in England share their stories after the collapse of travel firm Thomas Cook.

Thomas Cook passengers face a long journey home   -5%

More than 150,000 Thomas Cook holidaymakers face an uncertain journey home after the travel firm collapsed in the early hours of Monday morning.

Thomas Cook crisis: 'People will not be stranded'   -12%

Foreign Secretary Dominic Raab says that people will be taken care of if Thomas Cook collapses.

Tearful last Thomas Cook flight as travelers scramble to get home after company folds  

The last scheduled Thomas Cook flight to land shortly after company's collapse saw flight crew in tears, according to passengers on board, as travelers around the world scrambled to reschedule hotels and flights.

What will happen to Thomas Cook's airplanes?   -20%

The collapse of British tour operator Thomas Cook mean its airplanes are now grounded. What happens next to them depends on the complicated world of aircraft leasing.

What travelers affected by the Thomas Cook collapse need to know  

Hundreds of thousands of travelers are facing a nightmare scenario this week, with the collapse of tour operator Thomas Cook leaving them stranded abroad.

Tearful last Thomas Cook flight as travelers scramble to get home   -15%

Newlyweds have been forced to cancel their weddings and honeymoons while thousands of people are facing disruption to their vacations following the collapse of UK travel company Thomas Cook.

Goa to take 50cr hit as tour giant crashes  

The tourism industry in Goa, which is facing headwinds from decline in foreign visitors, is set to face a direct loss of around Rs 50 crore with the collapse of UK travel giant Thomas Cook, tour operators told TOI.

Thomas Cook collapses, stranding thousands   16%

World's oldest travel company, Thomas Cook declared bankruptcy on Monday. Hurt by high debt levels (1.7 billion pounds), online rivals and geopolitical uncertainty, Thomas Cook needed 200 million pounds on top of a 900 million pound package it had already agreed, to see it through the winter months when it receives less cash and must pay hotels for summer services.

U.K. tour operator Thomas Cook collapses, cancels all bookings   2%

Veteran U.K. tour operator Thomas Cook collapses after failing to secure rescue funding, and travel bookings for its more than 600,000 global vacationers are cancelled. Analysts say its failure comes from an inability to compete with services like Airbnb and online travel companies.