Re: Thomas Cook Archived Message Posted by Pirate on 21/9/2019, 1:56 pm, in reply to "Re: Thomas Cook" I think your analysis is the correct one.But the Brexit uncertainty will be a factor. I presume they hedge their aviation fuel, so the only other factor worth mentioning is terrorism in that apparently they were very active in the Red Sea resorts ( Smarm el Sheikh etc) and tourist traffic was badly impacted by terrorism. Maybe North Africa as well. But in essence, it is the familiar story of too much debt ( £1.7 billion) and a seasonal business and cash flow management. The MyTravel write down of £1.1 bn has destroyed shareholder value and the provisional syndicated rescue facility is now dependent on them finding some £200m . Message Thread: | This response ↓ Thomas Cook - mattyovrio 20/9/2019, 7:40 pm Re: Thomas Cook - Biggles 21/9/2019, 11:36 am Re: Thomas Cook - Grovehatter 21/9/2019, 2:26 pm Re: Thomas Cook - Biggles 21/9/2019, 2:50 pm Re: Thomas Cook - Grovehatter 21/9/2019, 7:17 pm Re: Thomas Cook - Steve G 21/9/2019, 11:37 am Re: Thomas Cook - Biggles 21/9/2019, 11:42 am Re: Thomas Cook - Steve G 21/9/2019, 11:49 am Re: Thomas Cook - Biggles 21/9/2019, 12:05 pm Re: Thomas Cook - Steve G 21/9/2019, 12:58 pm Re: Thomas Cook - Pirate 21/9/2019, 1:56 pm Re: Thomas Cook - Steve G 21/9/2019, 3:12 pm Re: Thomas Cook - North Cyprus Hatter 21/9/2019, 5:14 am Re: Thomas Cook - Virgil 20/9/2019, 7:53 pm Re: Thomas Cook - Steve G 21/9/2019, 11:32 am Re: Thomas Cook - mattyovrio 20/9/2019, 7:56 pm Re: Thomas Cook - -Nik- 20/9/2019, 10:33 pm Re: Thomas Cook - Virgil 20/9/2019, 8:04 pm Re: Thomas Cook - Fred Flange 20/9/2019, 8:40 pm Re: Thomas Cook - Grovehatter 20/9/2019, 9:39 pm Re: Thomas Cook - mattyovrio 20/9/2019, 9:16 pm Re: Thomas Cook - railwayender100 20/9/2019, 9:37 pm Re: Thomas Cook - bighead 21/9/2019, 5:01 am Re: Thomas Cook - mattyovrio 21/9/2019, 6:12 am Re: Thomas Cook - Roscoe 21/9/2019, 11:51 am Re: Thomas Cook - bighead 21/9/2019, 8:20 am Re: Thomas Cook - mattyovrio 21/9/2019, 9:10 am Re: Thomas Cook - timberwolf 21/9/2019, 9:39 am Re: Thomas Cook - mattyovrio 21/9/2019, 10:55 am Re: Thomas Cook - mattyovrio 21/9/2019, 10:54 am Re: Thomas Cook - mattyovrio 20/9/2019, 9:40 pm   Searching