Originally Posted by
iflyjetz
Not a surprise to anyone except quite a few of the 150K stranded and those that had vacations booked.
I've read a lot of articles on different European airlines that have been close to insolvency, and Thomas Cook was never mentioned as an airline on the brink of failure. I wasn't surprised by any of the other European failures over the last couple of years, including XL Airways shutting down. But Thomas Cook was never listed in the aviation news I track.
This leads to the next question: which other European airlines are on thin ice?
Here's just a sample of the numerous articles chronicling Thomas Cook's perilous position in the past few months
April 2019: The Economist
Travel companies Thomas Cook and TUI are under serious stress
May 2019: Bloomberg
Thomas Cook shares slump as losses mount
May 2019: The Guardian
Brexit chaos hits Thomas Cook as losses mount to £1.5bn
May 2019: Deutsche Welle
Lufthansa looks to snap up Thomas Cook's Condor airline
May 2019: The Sun
FIGHT OR FLIGHT Can I still book a package holiday with Thomas Cook and can I get my money back if it goes bust?
May 2019: Financial Times
Thomas Cook faces tough task to fly itself out of trouble
June 2019: The Express
Thomas Cook: 21,000 jobs at risk in travel break-up
July 2019: The Guardian
Can Thomas Cook find a path through its perfect storm of woes?
August 2019: Sky
Thomas Cook in rescue talks to secure extra £150m
August 2019: BBC
Thomas Cook to sell majority stake to China's Fosun
August 2019: The Mirror
Thomas Cook saved after £450million deal with Wolverhampton Wanderers' owner
3 September 2019: Yahoo
Could Thomas Cook go bust?
7 September 2019: The Telegraph
Thomas Cook rescue deal under threat from pension trustees
13 September 2019: Herald Scotland
Thomas Cook warns it could 'run out of money' and go bust
15 September 2019: BBC
Thomas Cook 'racing to finalise rescue deal'
15 September 2019: Thisismoney.co.uk
CAA braced to rescue Thomas Cook customers if £900m rescue deal collapses