COLLAPSE
THOMAS COOK
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Swords Travel Swordstravel Wearing our @thomascook hearts today in support of all our colleagues in the industry who worked for Thomas Cook past and present
Cook: Trade reaction
Story: Thomas Cook has collapsed Paul Marsh: Sad day. The government has let down the British people and would rather spend £600m of our money bringing people back than help save Cook with a loan.
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David Speakman @DavidSpeakman1 This domino effect will be felt through the industry. On the Beach is strong enough to deal with it, but pity the small Atol holder that has packaged with a Cook flight and has to stand the loss, putting their livelihoods at stake.
Lisamcauley @lisamcauley01 Such fond memories of Thomas Cook throughout my career, from running YTS training at Norbreck Castle Hotel in Blackpool to hosting top-performer trips across the globe. So sad to see the demise of an iconic brand, but more importantly, deepest sympathy to all the lovely staff affected by this. x
GET Ê
FRONTLINE
The best of your letters, comments and social media this week Cook: One rule for the bankers…
Story: Thomas Cook ceases trading after failing to salvage rescue deal This is a deeply sad day for all stakeholders in Thomas Cook and for the whole industry. So many lessons to be learnt, not least about the need for better protection for money paid in advance and the iniquity of some people paying for Atol protection while others get it for free. The very same banks that were saved by tens of billions of public subsidy under a previous government could not be persuaded to provide £200 million of short-term finance to keep Cook afloat. Is that a reflection of a second-rate government focused on the lunacy of Brexit or of a government whose priority is the City, not the real economy? Paul Sawbridge
Cook: Staff paying the price for others’ mistakes
Story: Call for travel financial law reform in wake of Thomas Cook collapse Funny how nobody seems to want to question the competency of the senior management teams in all this – staff on the ground bear the brunt of consumer anger and distress. Cook was turned on by the trade many months ago for dropping price parity, focusing on direct sell and closing shops. This is not about yet more regulation, it’s about the skills of individuals to run the business. Tom Parsley
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travelweekly.co.uk @travelweekly travelweeklyuk @travelweeklyuk 26 SEPTEMBER 2019 37
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