Thomas Cook Holidays are safe and secure. Trading in Thomas Cook shares have bounced back today after yesterdays announcement that they were seeking additional funding.
I have a holiday booked with Thomas Cook, is it safe?
Yes. Firstly don't panic. Your holiday is completely safe and fully protected. If anything was to happen to Thomas Cook you would get a full refund. Your holiday is protected by the ATOL scheme.
Can I still book a Thomas Cook Holiday?
Yes. They are great holidays to book and completely safe. Anything you book will be fully protected. Thomas Cook holidays are still trading as normal.
Is Thomas Cook going bust?
No. They are still a very successful company and the second largest holiday company in Europe. They have a over 22 million customers per year and they have a large number of future bookings. This means they have lots of money due to be paid to them. However what they have said is they need to raise some short term funding to see them through the next few months.
Thomas Cook are required to make such announcements because they are a PLC.
Why is Thomas Cook Having Cash flow Problems?
The main problem is not with their UK business, it's Europe and Russia. The problem with the Euro and floods in Thailand have seen Thomas Cook have a much worse than expected period. This has effected their planned income.
For more details visit our dedicated our information page: Thomas Cook Holiday Update
No comments:
Post a Comment