Posted by Steve G on 21/9/2019, 12:58 pm, in reply to "Re: Thomas Cook"
Its not the only factor and weight of factor. Using that as the only major or only indicator would have all other travel Co's in the dire Thomas cook position.??
Thankfully there not, as most I'm sure over the past years built and rebuilt and shifted there models to ensure they aren't the dinosaur TC is.
TBH, it's recoverable and they will get the finance from investors to allow a recovery to happen. However, IMO, it won't be the current management team that gets to implement / oversee that recovery, they've burnt all cash provided prior and enforced / shown no turnaround of future fortunes.