FlyerTalk Forums - View Single Post - Thomas Cook Enters Compulsory Liquidation
Old Sep 25, 2019, 1:57 pm
  #153  
Often1
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Join Date: Aug 2010
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Originally Posted by irishguy28
Then I would advise you, as a reasonable person, to go and look.

You will find that, unlike its parent and former owner, it is a profitable business. With Thomas Cook's collapse - taking Condor's profit with it - Condor finds itself with the rug pulled from under its feet, and would struggle to survive the lean winter period. Many airlines - particularly those that are highly seasonal, such as holiday charters - make their profit in the high (summer) season.

To condemn Condor to face the winter alone, having had its circumstances so brutally altered just now, through no fault of its own, just as it faces into the tough part of the year, appears quite vindictive. That Condor, like many other airlines, has a seasonal business model is not one that means it is inherently unprofitable. That it should now, with its profit-making season just completed - and those profits ripped away - somehow be expected to survive the lean winter months, unaided, is not something that appears fair.

Should all businesses that seek credit be denied and then pushed to failure?

Note that Thomas Cook was in the same boat last week - but no-one was prepared to stump up the credit there, as it was clear that it would not be enough to get them through the winter.

No point in sending a good airline after a bad one!
It is a business relationship. The same for Thomas Cook. A pity for many, many people employed directly and indirectly. But, that does not change my self-protection instincts.
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