Lol they’d still get it Ryanair is God Awful😂 it’s not Thomas Cook Airlines fault that’s a subsidiary, it’s the corporate sting-pullers behind Thomas Cook Group altogether who’ve collapsed
This is disgusting, these poor people. This is not just a holiday thats been ruined, these people have lives to get back to. These are British Subjects ffs
I think all the fat cats at the top should be made to give back every penny they have earned apart from minimum wage,that money is then used to pay the staff and refund customers (even if it means selling their luxury homes,boats,cars,clothes and so on) They didn’t do their jobs properly yet paid themselves massive wage packets and bonuses,they have as good as stolen money out of the average working man/woman’s pockets.
@@h.ch37 It's already kicked in. 45 aeroplanes including an A380 are already being dispatched. There are 150,000 holidaymakers abroad, 22,000 will be returned by Wednesday. The rest will be returned on their due dates. There will be glitches along the way with some hotels etc. Nothing is perfect, but ATOL works.
Already has kicked in. ATOL is not like insurance companies where they start using small print and the nonsense to avoid paying and helping. ATOL do what they say will do and are pretty amazing cleaning up the mess these companies leave behind
@@jeffhubbard4688 The issue here is mostly hotels not understanding how ATOL works and thinking that they won't get paid. Which, to be fair, they might not. If ATOL itself ends up going under with the weight of refund claims then foreign hotels might be pretty near the bottom of the priority list if the CAA (i.e. the UK government) has to bail it out.
For package bookings, yes, ATOL covers any cancellations and rebookings in exceptional circumstances such as this. But for individual bookings... for people who booked the flight and hotel separate, unfortunately, they are not covered by the shutting down of an airline and they have to book their own flights back. Stupid rules, but that's how it is.
Ryan air boss was annoyed he wasn't given the £99m bonus he was promised. Baring in mind Thomas Cook needed £200m to stay in business. The guys at the top know the company is going under, and take everything they can get before it does
It should be illegal to conceal a financial collapse till it happens. People just end up stranded needlessly when the execs probably knew this was coming for weeks.
The bosses took millions in pay and bonuses while they must have known the company was in deep trouble. How can they take so much while the company is not making a profit. Bonuses are for a job well done not presiding over a disaster.
They was getting the most money possible from working class people, taking it all and then going bust so the highest people in Thomas cook would be safe with money whereas the face of Thomas cook would suffer, go jobless and have to fight for themselves. Absolute joke.
This is not new, the same thing happens with NHS exs. They get paid a lot of money when the hospital doesn't perform they go on stress related leave and resign after a year. They move to another hospital and repeat.
Pretty much any big company now is just in it for the money. Overpaid CEOs making everyone believe they're doing a great job but ultimately they screw everyone over! Staff and customers.
@@gorebrush I thought that the Governnent couldn't intervene because E.U. laws prohibited assistance to such failed/failing companies. If that's true, and if the company had been running on empty for years, how can Brexit (soon to be a non-event) be to blame for the collapse?
@@licknelon3076 not really because the hotel is already booked for the duration of the customer's stay, they are unlikely to find new guests at such short notice .
@@licknelon3076 The UK government has said to all the hotels that they will pay the full bill for all British tourist staying in any of these hotels, so the hotels won't lose out on any money. Thomas Cook did not pay the hotels up front anyway, therefore what is the problem in allowing the tourists to stay whilst waiting for the government to go through the process of paying the hotel bills?
@@nickm3251 In that case I agree that the hotels should be allowing the holidaymakers to stay for the length of time that they booked. If they need to stay longer, then the hotels should allow that as long as they are being paid for it and that it does not affect other holidaymakers who are booked for those rooms after them.
I will Never go to Maiorca in solidarity with those thrown out of their rooms. Never! Animals. These are good honest British citizens. Your friend in the USA
I know what it's like to book a holiday and then the company go bust. Seguro holidays in 2008. My heart goes out to all the people affected, customers who's holiday plans are screwed and staff who don't have a job now and might not get paid at the end of the month. The management of Thomas cook should be in jail for letting this happen, and I mean past and present. they think it's fine to give themselves 20 million in bonuses over the past 5 years even thought they were struggling financially.
Okay so.. £600 million taxpayer bailout to get these people home yet Thomas cook only needed £200 million to stay afloat.. Excessive bonuses.. And what about this? Nearly 11% of the travel company’s shares were ‘shorted’ ahead of its collapse. Short-sellers try to profit from firms they believe are in trouble. They borrow shares in a company, for a fee, and then sell them in the hope of buying them back at a lower price - and pocket the profit. Short sellers have cashed in on the rapid decline of Thomas Cook’s share price, which plunged 85% in the six months before Sunday’s collapse. Two hedge funds - London-based TT International and Whitebox Advisers, from Minneapolis - made up the bulk of the shorts, together holding around 7%, according to ShortTracker data. Other hedge funds are also set for a windfall from investments in credit default swaps, which are form of insurance that pays out when a company defaults on its debts. Those investments would have been worthless if Thomas Cook had managed to clinch a deal this weekend. But as a result of the collapse CDS payouts are now expected to reach $250m (£201m), according to reports by Bloomberg.
Tax payers lose. Workers lose. Passengers lose. Directors walk away with massive bonuses which makes one think there are massive conflicts of interests.
@123 456 Sorry I don't understand the quantifiable correlation. Also big companies should have to have an untouched pocket of money for situations such as this. Directors are on a bet to nothing because there the only winners in the end, same with Carillion
This is not UK government responsibility, tourism is a cut throat industry, the drive to the bottom ie internet prices has killed the model they follow
Ok people lets get things straight! Thomas Cook nearly went bust in 2012 and I know this whilst working for ATC Lasham! It's sad that they've screwed over many people including their staff
Not surprised, this has been treated as a 'sudden' collapse but it rarely happens like that, they die a slow death over years due to cheaper companies and online people offering better deals and they can't compete, doesn't matter how long they have been going for no one is immune to being squeezed out. They should have cancelled people's flights hotels before they went out in advance not left them stranded out there or not sure what is going to happen next. Would never book nowadays with one of the few 'walk-in the shop' holiday providers, can tell it is a matter of time before they close all their outlets as travel arrangements have changed and people use a variety of different companies to book holidays, package deals are more and more of a rip-off and it is really only lazy people who use them, cause they can't be bothered to think for themselves or spend some time doing a bit of research to find the best deal.
As someone who booked through Thomas cook, it was a nightmare experience. They went bust towards the end of our 2 week trip in turkey and it was a mess from start to finish. Yeah we went home when we were meant to, but it was poor
So I cant afford a holiday but my taxes are going towards hiring planes for people who can... leave them there and let them make their own way home or use the insurance they should of taken out ....
@basil fawlty then the law should be that they go bust when they can only cover their bills and nothing else. this wasn't their money to lose/give to the ceo as bonus.
Didn’t the companies that agreed to take bookings for holidays by Thomas cook know about the financial instability of the company? This is been going on for over 10 years now with TC.
Sure, Turkish hotels are at fault that people paid Thomas Cook for holidays but the company never bothered to actually transfer the money to the hotels? Right. I guess they're at fault that the company went bust too.
Connor Radcliffe massive difference between being a tourist and moving to a country to live, not that any of that has anything to do with a family that are locked out of their hotel on a holiday they already paid for, disgusting behaviour.
They'll probably get paid anyway. In some cases extort the money from the customer and then chase up the money again. So they'll get paid twice for nothing.
I'm meant to go Turkey in 10 days and my flight and accommodation is through Thomas cook. As well as losing my job because of Thomas cook I'm now missing money and a holiday 👍 dont book it Thomas Cook it
This is not an International situation, it is a problem in the E.U, no dissimilar than a U.S. travel agency having this problem here in the U.S. The EU countries are: Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the UK. They should act like the E.U. and solve this problem for its citizens. The individuals that were cheated by Thomas Cook should stand in the long line of creditors for their losses in E.U. Bankruptcy Court. Bankruptcy in the E.U. needs an overhaul to prevent these situations of which sadly Thomas Cook is only a single nail in the E.U.'s coffin unless cooperation between member states is more real than imagined. This was totally predictable but likewise very much totally ignored until the literal airline flew off the runway.
The E.U. is corrupt, not to mince words: its accounts can't be accepted year-after-year by auditors. It's just another/yet another financial bottomless pit for your money.
how is it they'll pump billions into RBS and let Thomas cook sink. how has this been allowed to happen? maybe Boris can find his 20,000 police officers in the Thomas cook dole queue.
only flew with them twice, once on the way there and once on the way back. The most friendly people fly with them; The staff were excellent, there's some sad things that go on in this dark world but that.. the aeroplanes were so smooth, the staff cared. I'm really upset with the owners paying themselves too much, I'm in shock myself but.. Rest in pieces Thomas Cook, 25 years old. I hope they come back bigger and stronger but for now the planes are going to go to the graveyard. I'm devistated
Thomas Cook have made a so big impact on me. I am afraid to fly but with Thomas Cook its worth it. The have the best service ever and all is perfect. When I heard that Thomas Cook was never gonna be again, I literly said to myself, my life will never gonna be the same again😭😭😭 Thomas Cook (1841-2019 23. September) RIP Thomas Cook✈️❤️😭
@@None-zc5vg Rich people and rich companies conspire together agsinst society for profit. If he truly did a good job why the news story? Why did he pay millions in bonuses to himsrlf when he knew it was collapsing? Stop being a puppet?
@@MilesBellas I'm only quoting what the papers were saying about Mr. F. As for me, I'd be happy to see him in a tumbril packed with all the other "C.E.O.'s" who screw businesses into the ground.
@@None-zc5vg "Bosses at Thomas Cook pocketed a £47million pay bonanza as the firm headed for the rocks. Last night, after the travel operator was dramatically declared bankrupt, furious customers demanded executives hand back some of their ‘rewards for failure’. Peter Fankhauser, the Swiss chief executive taken on in the immediate years before its collapse yesterday, has taken home £8.4millon since 2014 A Daily Mail audit yesterday revealed that the three chief executives who have led the beleaguered firm since 2007 raked in more than £36.1million in pay and bonuses. Peter Fankhauser, the Swiss chief executive taken on in the immediate years before its collapse yesterday, has taken home £8.4millon since 2014, including £4.6million in bonus payments linked to performance. His predecessor Harriet Green, who ran the firm between 2012 and 2014 and faced controversy over an £80,000 yearly hotel and travel bill, took home almost £11million in total pay. In 2015 alone, she received £6.3million despite only working for two months of that financial year. The most controversial payments were received by Manny Fontenla-Novoa. The Spanish-British businessman’s huge pay packages totalling £16.8million led the company to introduce internal ‘clawback’ measures in 2012 Meanwhile, Thomas Cook’s former chief financial officer, Michael Healey, took home a total of £8.3million between 2012 and 2018 in salary and bonuses. And non-executive chairman Frank Meysman earned £2.2million in salary and benefits between 2018 and 2012, totalling almost £47 million for the five."
As an American I fail to see that it is the governments responsibility to return anyone on the taxpayers dime. They entered into a contract so they need to sue the bankrupt company's receiver.
Tax payers are not subsidising these flights home ATOL is funded by travel companies, which are required to pay a £2.50 ATOL Protection Contribution (APC) per traveller into a central ATOL fund. This money is used to allow holidaymakers to complete their holidays or issue refunds should a travel firm collapse
If hotels are throwing people out then it should be upon booking sites to name and shame or ban them on their booking sites and it goes to show that the hoteliers / management don't really give a f#%k about yeah
Heard that local business abroad have increased their prices to raise funds for local hoteliers who have lost out, hope this is not the case. Pretty soon hotels will be asking for a valid credit card when checking in because of collapsing travel companies.
People getting thrown out of hotels is just disgusting, tbh. Leaving people with more-or-less nowhere to go, and all for the sake of a few hundred Euros, or whatever. Inhumane. Pathetic. Unforgiveable.
U don't know how it works aye? Hotels are fully booked in summer season. And when costumers leave then next costumers comes. So 2 options: old or new costumes will stay on the beach.
Its got nothing to do with brexit, thomas cook was a failing business model offering mediocre service at mediocre prices running itself with over a billion pounds worth of debt.
Thats not fair Jo, what ought to happen is that ATOL, the board of directors and HM Govt should agree insolvency with a two week timeframe, in order to guarantee holidays and payment to hundreds of small businesses overseas. Tommy Cook customers are not by nature independent travelers.
leading to the collapse of small hotels and even more job losses around the world? don't think so, if that happened in the hotel I work for then I'd be out of a home permanently rather than a hotel room for a week. gotta think bigger picture here.
Was due to fly out Thursday with TC but luckily was able to book replacement whilst waiting for a refund. As early as Saturday holidays were increasing in price, the one we wanted had risen by £606 overnight, so we just got a cheaper alternative.....
If Thomas Cook can collapse any company can. A no deal Brexit will inevitably create more of this. Sad that 9000 staff who lost their jobs and the knock on effects will of this will last for a while.
Martin Jordan I mean this issue isn’t really to do with brexit but I guess people will keep pressing their political agendas down ya throat till they get what they want. That’s not how life works!
This wasn't caused by brexit fool, Thomas Cook was 1.5billion in debt they used sales and paid holiday hotels after the stays to hold onto money for Bank rate interest rates to float the repayments to stave off administration for a decade. It is a common practice in all big failing corporate companies, ebay do it amazon do it, I wonder what their real profit is rather than turnover. I blame the ceo's for running what was originally a family business from the end of the 1800's and turned it into a Corprate failure of a company who tricked its staff by saying everything will be OK, only for the ceo to run off with 34million as a bonus last year.
won't bail Thamas Cook out but will pay hundreds of million to repatriate the customers and the social security money fro the workers and the loss of Taxes from any future business and the damage to European destinations its been a bad summer for as it is this will end up costing the UK over a billion pounds or more
Seen a mirror article, Thomas cook customers paid £2.800 for their holiday and found they were locked out of their room at a hotel, manager held them to ransom, demanding they pay twice.
Anybody seen the chief executive speech he is emotionless and just reads it off a piece of paper he has no worry no care for these people it was just words on paper to him
this is what happends when every thing is privetised. theres no countabilty, just look at all other companies need tax payer bail out's. it may all as well be tax payer founded be cheaper
why is it just the British government being asked to sort this mess out. There are 300,00 German tourists affected compared to British 120,00 and Thomas Cook is owned 50% by a German firm, so surely it makes it a joint responsibilty.
Company was clearly on its last legs yet the fat cats that they employed were on such massive salaries and bonuses, it’s no wonder they went to the wall. Disgraceful.
These companies need to be regulated properly. Who is responsible for regulating these travel companies? Incompetence all around but the rich get richer and who cares about anyone else.
when they was looking at going out of business they should of been stoped from taking new pasengers any where and only taking people on return flights so they can get home
So no one looked at Thomas Crooks stock prices before booking?!? The stock has been collapsing for the last year now, seriously the writing has been on the wall and companies and travelers just blindly took zero notice
![ละลาย (LALALYE) - DAOU PITTAYA ต้าห์อู๋ พิทยา [OFFICIAL MV]](http://i.ytimg.com/vi/wo6r9TgausI/mqdefault.jpg)
At least Ryanair won't be voted Europe's worst airline this year
ur ma's ur da thomas cook is out of business so it will~
@ur ma's ur da lmao
It will tho, thomas cooks shut down so it wont be classed an active airline or candidate
@AngloSaxon. it is a British company
Car dealerships in Britain for example Ford that ain't a British company
Lol they’d still get it Ryanair is God Awful😂 it’s not Thomas Cook Airlines fault that’s a subsidiary, it’s the corporate sting-pullers behind Thomas Cook Group altogether who’ve collapsed
Bloke with the pint looks very worried about staying in Turkey
LOOOL
cant blame him lol
Who wouldn’t be lol.
I wanna get trapped in Turkey with a cold pint :(
Haha. Definitely worse places to be stuck at.
Poor sods,people save up all year to go away on holiday and get away from the stresses of life and then they get this to deal with.
This is disgusting, these poor people. This is not just a holiday thats been ruined, these people have lives to get back to. These are British Subjects ffs
I think all the fat cats at the top should be made to give back every penny they have earned apart from minimum wage,that money is then used to pay the staff and refund customers (even if it means selling their luxury homes,boats,cars,clothes and so on)
They didn’t do their jobs properly yet paid themselves massive wage packets and bonuses,they have as good as stolen money out of the average working man/woman’s pockets.
That’s how capitalism works mate
not for year.. maybe couple of months
I hope the board members of thomas cook are okay. Customers only lost small portion of their money but the company lost it all.
Now's the time for that "ATOL protected" bit to kick in right?
This is honestly so true but we'll have to wait and see which is quite bad
@@h.ch37 It's already kicked in. 45 aeroplanes including an A380 are already being dispatched. There are 150,000 holidaymakers abroad, 22,000 will be returned by Wednesday. The rest will be returned on their due dates. There will be glitches along the way with some hotels etc. Nothing is perfect, but ATOL works.
Already has kicked in. ATOL is not like insurance companies where they start using small print and the nonsense to avoid paying and helping. ATOL do what they say will do and are pretty amazing cleaning up the mess these companies leave behind
@@jeffhubbard4688 The issue here is mostly hotels not understanding how ATOL works and thinking that they won't get paid. Which, to be fair, they might not. If ATOL itself ends up going under with the weight of refund claims then foreign hotels might be pretty near the bottom of the priority list if the CAA (i.e. the UK government) has to bail it out.
For package bookings, yes, ATOL covers any cancellations and rebookings in exceptional circumstances such as this. But for individual bookings... for people who booked the flight and hotel separate, unfortunately, they are not covered by the shutting down of an airline and they have to book their own flights back. Stupid rules, but that's how it is.
Even though the company was going bankrupt the CEO still managed to get a pay Bonus.
Capitalism for ya
Swiss citizen living in Israel.. :))))
Don't they always
Yes - crooked as hell.
Ryan air boss was annoyed he wasn't given the £99m bonus he was promised. Baring in mind Thomas Cook needed £200m to stay in business. The guys at the top know the company is going under, and take everything they can get before it does
It should be illegal to conceal a financial collapse till it happens.
People just end up stranded needlessly when the execs probably knew this was coming for weeks.
The corporations in general need more scrutiny and Audits etc
@paul 2019 But at least holidaymakers would be forewarned and the contingency measures could be enacted sooner to minimise disruption.
I got an ad for a cruise ship before this video. They're trying to move their way into the market
Can't blame them really
I saw that time to go on a viking cruise.
@TheHolySwordofLight Don't say that I'm on a cruise ship right now!
Same!
The bosses have filled their pockets with the money to help these people, absolutely no way there is no money to help get them back.
Eh??
Hey. If I don't fill my pockets with rocks I'll fly away.
Hey Connor! Wassup my man
This situation where bosses take huge bonuses is too common, it happened at the Banks too, and countless businesses!
@@lukimarzi596 luke! Ma boi
0:33: Thomas Cook hasn't been financially 'secure' for a few years now. I thought their difficulties were well documented.
exactly and there has been news all over the place about bad treatment to tourists, scams and stranded tourists.
@@zeptic4674 Elaborate, please.
@@redrumax wasn't there like a whole tv show on itv dedicated to it? lol
Well it WASNT REGISTERED....
@@anynextdon4684 I don't watch tv but deffo was in papers.
Knock me down with a feather! Brexit has actually not been blamed for this! Quite astounding..
AngloSaxon. Shut up dickhead
Give it time
Your an idiot cp
Wait for it............
Give it time the lefty do-gooder will spin it...
Thomas Cook Group was "the most shorted company on the London Stock Exchange."
CEO Peter Fankhauser should be held accountable.
Even his apology was half assed, surprised he didnt flee the country
@@thecoyotespeaks9649 He's a resident of Israel.
Things got out of hand way before he joined the company as CEO a few years ago.
@@Inaflap Surprise, surprise!
And the rest.
The bosses took millions in pay and bonuses while they must have known the company was in deep trouble.
How can they take so much while the company is not making a profit. Bonuses are for a job well done not presiding over a disaster.
They was getting the most money possible from working class people, taking it all and then going bust so the highest people in Thomas cook would be safe with money whereas the face of Thomas cook would suffer, go jobless and have to fight for themselves. Absolute joke.
they should go to prison
ukguy - never happens that way though, even in 2008 when people lost their homes... not one person got cuffed.
This is not new, the same thing happens with NHS exs. They get paid a lot of money when the hospital doesn't perform they go on stress related leave and resign after a year. They move to another hospital and repeat.
Pretty much any big company now is just in it for the money. Overpaid CEOs making everyone believe they're doing a great job but ultimately they screw everyone over! Staff and customers.
Damn more stuff for the British government to deal with, we are really getting stretched thin
Got nothing to do with them tbh, private company that just had too many debts. This stuff happens when a business is mis managed.
Government was right not to step in - management were to blame. At least the CAA is getting everyone home.
@@gorebrush I thought that the Governnent couldn't intervene because E.U. laws prohibited assistance to such failed/failing companies. If that's true, and if the company had been running on empty for years, how can Brexit (soon to be a non-event) be to blame for the collapse?
K. Blue. It's odds on they'll fcuk that up like everything else.
@@jaylevzi7293 the governor is involved in 150k of the heir people stuck in a foreign place and stranded. There bringing people back
These hotels should be boycotted by other travel agents. Even if they didn't get paid, it's not the customers'fault.
But the hotels would lose out on money if they kept these holidaymakers in their hotels free of charge.
@@licknelon3076 yeah ikr it's a company they need money or they will end up like Thomas cook
@@licknelon3076 not really because the hotel is already booked for the duration of the customer's stay, they are unlikely to find new guests at such short notice .
@@licknelon3076 The UK government has said to all the hotels that they will pay the full bill for all British tourist staying in any of these hotels, so the hotels won't lose out on any money. Thomas Cook did not pay the hotels up front anyway, therefore what is the problem in allowing the tourists to stay whilst waiting for the government to go through the process of paying the hotel bills?
@@nickm3251 In that case I agree that the hotels should be allowing the holidaymakers to stay for the length of time that they booked. If they need to stay longer, then the hotels should allow that as long as they are being paid for it and that it does not affect other holidaymakers who are booked for those rooms after them.
I will Never go to Maiorca in solidarity with those thrown out of their rooms. Never! Animals. These are good honest British citizens. Your friend in the USA
I know what it's like to book a holiday and then the company go bust. Seguro holidays in 2008. My heart goes out to all the people affected, customers who's holiday plans are screwed and staff who don't have a job now and might not get paid at the end of the month. The management of Thomas cook should be in jail for letting this happen, and I mean past and present. they think it's fine to give themselves 20 million in bonuses over the past 5 years even thought they were struggling financially.
Okay so.. £600 million taxpayer bailout to get these people home yet Thomas cook only needed £200 million to stay afloat.. Excessive bonuses.. And what about this?
Nearly 11% of the travel company’s shares were ‘shorted’ ahead of its collapse. Short-sellers try to profit from firms they believe are in trouble. They borrow shares in a company, for a fee, and then sell them in the hope of buying them back at a lower price - and pocket the profit. Short sellers have cashed in on the rapid decline of Thomas Cook’s share price, which plunged 85% in the six months before Sunday’s collapse.
Two hedge funds - London-based TT International and Whitebox Advisers, from Minneapolis - made up the bulk of the shorts, together holding around 7%, according to ShortTracker data.
Other hedge funds are also set for a windfall from investments in credit default swaps, which are form of insurance that pays out when a company defaults on its debts.
Those investments would have been worthless if Thomas Cook had managed to clinch a deal this weekend. But as a result of the collapse CDS payouts are now expected to reach $250m (£201m), according to reports by Bloomberg.
Tax payers lose.
Workers lose.
Passengers lose.
Directors walk away with massive bonuses which makes one think there are massive conflicts of interests.
Lose*
Thanks Me Soy Capitan its been a long day.
God it's maddening how true that is
Absolutely true.
@123 456 Sorry I don't understand the quantifiable correlation. Also big companies should have to have an untouched pocket of money for situations such as this.
Directors are on a bet to nothing because there the only winners in the end, same with Carillion
It's disgusting that these people are being punished for another company's bad economic management
What caused this to happen?
A. Thomas cooked the book's.
They had a company debt stating well over £1billion.
RYUJIN秘SAIYAN 1 billion that went into the greedy ceos pockets
Brexit didn't help either....
whadda crook !
@@dimitrio21 brexit didnt cause this either though... its been brewing for years.
All the guys look like sweethearts and their wives are beasts
Ryan Sweeney ; welcome to the real world
To be honest love, your daughter should be home already... schools went back a good few weeks ago now...
@paul 2019 schools go back around 1st week of september...
@paul 2019 Might wanna double check that pal.
now they might leave me alone in the job centre now they have another 30.000 on there books .to sort out .
😂
I just lie on my universal credit journal and say I'm looking for work
This is not UK government responsibility, tourism is a cut throat industry, the drive to the bottom ie internet prices has killed the model they follow
Ok people lets get things straight!
Thomas Cook nearly went bust in 2012 and I know this whilst working for ATC Lasham!
It's sad that they've screwed over many people including their staff
I dont understand. The company collapsed, but, haven't the customers ALREADY PAID for the flights? Did the planes belong to Thomas Cook or something?
This is exactly the reason I book my own holiday!! But do feel for people who have been stranded and people who have lost their jobs.
Hanufa Qureshi I book my own holidays too, but we still have to hope the airline we use don’t go bust.
Not surprised, this has been treated as a 'sudden' collapse but it rarely happens like that, they die a slow death over years due to cheaper companies and online people offering better deals and they can't compete, doesn't matter how long they have been going for no one is immune to being squeezed out. They should have cancelled people's flights hotels before they went out in advance not left them stranded out there or not sure what is going to happen next. Would never book nowadays with one of the few 'walk-in the shop' holiday providers, can tell it is a matter of time before they close all their outlets as travel arrangements have changed and people use a variety of different companies to book holidays, package deals are more and more of a rip-off and it is really only lazy people who use them, cause they can't be bothered to think for themselves or spend some time doing a bit of research to find the best deal.
Cash Back hit the nail on the head there
The company should have planned to slow down the stoppage of Thomas Cook operation rather than surprisingly announcing it.
Honestly I don't understand why this didn't happen, just wishing for cash injections like it's gonna fix anything
The art of how a company keeps its investors is let nobody know they’re struggling until it is too late.
As someone who booked through Thomas cook, it was a nightmare experience. They went bust towards the end of our 2 week trip in turkey and it was a mess from start to finish. Yeah we went home when we were meant to, but it was poor
I swear Thomas cook has had problems for years along with Tui.
1:28. What a wonderful LADY. She seemed more concerned about the staff than herself.
Maybe she is but she'd just arrived home with the duty free's. She lost nothing.
So I cant afford a holiday but my taxes are going towards hiring planes for people who can... leave them there and let them make their own way home or use the insurance they should of taken out ....
ATOL is the insurance that they took out essentially. The repatriation is organised by the CAA but (mostly) funded by ATOL .
Another too big to fail. Mismanagement does NOT give that company a right to taxpayer monies.
Why weren't the hotels paid for if the customers have already given the money to TC? This should be illegal.
@basil fawlty then the law should be that they go bust when they can only cover their bills and nothing else. this wasn't their money to lose/give to the ceo as bonus.
if they pay monthly as a regular customer? like your loyal we take the sum each month like in a business partnership
Didn’t the companies that agreed to take bookings for holidays by Thomas cook know about the financial instability of the company? This is been going on for over 10 years now with TC.
man I would’ve never thought Thomas Cook would ever go bust. They’re like an icon in the UK
Good to see the turks being so understanding.
"Imshee! imshee! Get out of my hotel!"
considering the fact that the english are always whining and trying to kick foreigners out, they can't complain when the same thing happens to them
Sure, Turkish hotels are at fault that people paid Thomas Cook for holidays but the company never bothered to actually transfer the money to the hotels? Right. I guess they're at fault that the company went bust too.
Connor Radcliffe massive difference between being a tourist and moving to a country to live, not that any of that has anything to do with a family that are locked out of their hotel on a holiday they already paid for, disgusting behaviour.
@
No-one in their right mind would visit Tunisia anyway.
They'll probably get paid anyway.
In some cases extort the money from the customer and then chase up the money again.
So they'll get paid twice for nothing.
"I've been crying all morning!" cheerfully exclaimed the woman with a grin on her face.
She might be at rock bottom but smiling her way through it, some people do it to mask stress.
Those were tears of joy.
Why doesnt the website work. I wanna book a holiday
I'm meant to go Turkey in 10 days and my flight and accommodation is through Thomas cook. As well as losing my job because of Thomas cook I'm now missing money and a holiday 👍 dont book it Thomas Cook it
My mum was the second woman who was on screen😊 0:29
if carillion with over 5 billion pounds in revenue every year can collapse and cease trading any company can.
I need to go home it's my daughters birthday party.. Ex employee, I need a new job I can't afford food for my family..
This is not an International situation, it is a problem in the E.U, no dissimilar than a U.S. travel agency having this problem here in the U.S. The EU countries are: Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the UK. They should act like the E.U. and solve this problem for its citizens. The individuals that were cheated by Thomas Cook should stand in the long line of creditors for their losses in E.U. Bankruptcy Court. Bankruptcy in the E.U. needs an overhaul to prevent these situations of which sadly Thomas Cook is only a single nail in the E.U.'s coffin unless cooperation between member states is more real than imagined. This was totally predictable but likewise very much totally ignored until the literal airline flew off the runway.
The E.U. is corrupt, not to mince words: its accounts can't be accepted year-after-year by auditors. It's just another/yet another financial bottomless pit for your money.
how is it they'll pump billions into RBS and let Thomas cook sink. how has this been allowed to happen? maybe Boris can find his 20,000 police officers in the Thomas cook dole queue.
only flew with them twice, once on the way there and once on the way back. The most friendly people fly with them; The staff were excellent, there's some sad things that go on in this dark world but that.. the aeroplanes were so smooth, the staff cared. I'm really upset with the owners paying themselves too much, I'm in shock myself but.. Rest in pieces Thomas Cook, 25 years old. I hope they come back bigger and stronger but for now the planes are going to go to the graveyard. I'm devistated
my family always book with thomas cook because the people that help in the hotels are really kind cant believe this
Well that's put me off from holidaying abroad. Give me a holiday in Great Britain ANY time over risking going abroad now.
How can this be legal? This is an absolute disgrace!!!
Its callrd bankruptcy ? How can it be illegal...
Thomas Cook have made a so big impact on me. I am afraid to fly but with Thomas Cook its worth it. The have the best service ever and all is perfect. When I heard that Thomas Cook was never gonna be again, I literly said to myself, my life will never gonna be the same again😭😭😭 Thomas Cook (1841-2019 23. September) RIP Thomas Cook✈️❤️😭
CEO Peter Fankhauser got 20m in bonuses in the past 5 years.
The newspapers say that this Fankhauser did a good job in trying to turn the company round.
@@None-zc5vg
Rich people and rich companies conspire together agsinst society for profit.
If he truly did a good job why the news story?
Why did he pay millions in bonuses to himsrlf when he knew it was collapsing?
Stop being a puppet?
@@MilesBellas I'm only quoting what the papers were saying about Mr. F. As for me, I'd be happy to see him in a tumbril packed with all the other "C.E.O.'s" who screw businesses into the ground.
@@None-zc5vg
"Bosses at Thomas Cook pocketed a £47million pay bonanza as the firm headed for the rocks.
Last night, after the travel operator was dramatically declared bankrupt, furious customers demanded executives hand back some of their ‘rewards for failure’.
Peter Fankhauser, the Swiss chief executive taken on in the immediate years before its collapse yesterday, has taken home £8.4millon since 2014
A Daily Mail audit yesterday revealed that the three chief executives who have led the beleaguered firm since 2007 raked in more than £36.1million in pay and bonuses.
Peter Fankhauser, the Swiss chief executive taken on in the immediate years before its collapse yesterday, has taken home £8.4millon since 2014, including £4.6million in bonus payments linked to performance.
His predecessor Harriet Green, who ran the firm between 2012 and 2014 and faced controversy over an £80,000 yearly hotel and travel bill, took home almost £11million in total pay. In 2015 alone, she received £6.3million despite only working for two months of that financial year.
The most controversial payments were received by Manny Fontenla-Novoa. The Spanish-British businessman’s huge pay packages totalling £16.8million led the company to introduce internal ‘clawback’ measures in 2012
Meanwhile, Thomas Cook’s former chief financial officer, Michael Healey, took home a total of £8.3million between 2012 and 2018 in salary and bonuses. And non-executive chairman Frank Meysman earned £2.2million in salary and benefits between 2018 and 2012, totalling almost £47 million for the five."
As an American I fail to see that it is the governments responsibility to return anyone on the taxpayers dime. They entered into a contract so they need to sue the bankrupt company's receiver.
Tax payers are not subsidising these flights home ATOL is funded by travel companies, which are required to pay a £2.50 ATOL Protection Contribution (APC) per traveller into a central ATOL fund. This money is used to allow holidaymakers to complete their holidays or issue refunds should a travel firm collapse
Why do all the women interviewed look like Kerry Katona ?
😂🤣😂🤣
🤙🤙🤙🤙🤣🤣🤣
sirkastic, because 90% Anglo women look like kerry katona. ..
If hotels are throwing people out then it should be upon booking sites to name and shame or ban them on their booking sites and it goes to show that the hoteliers / management don't really give a f#%k about yeah
Grrrrrr. Tell me then where the fck next costumers would stay? Thomas Cook fcked it up u still blaming on hotels, realllyyy?
They were such a good company unlike Ryan air
this happened to my grandmother she was locked out of her hotel room
Heard that local business abroad have increased their prices to raise funds for local hoteliers who have lost out, hope this is not the case. Pretty soon hotels will be asking for a valid credit card when checking in because of collapsing travel companies.
People getting thrown out of hotels is just disgusting, tbh. Leaving people with more-or-less nowhere to go, and all for the sake of a few hundred Euros, or whatever.
Inhumane. Pathetic. Unforgiveable.
U don't know how it works aye? Hotels are fully booked in summer season. And when costumers leave then next costumers comes. So 2 options: old or new costumes will stay on the beach.
Maybe shouldnt vote for BREXIT. The snowball of Brexit effect just started. Buckle up and enjoy the ride!
Its got nothing to do with brexit, thomas cook was a failing business model offering mediocre service at mediocre prices running itself with over a billion pounds worth of debt.
They were struggling as early as in the 90s.
Everything is Brexit fault right?
Moron
Great! Less drunk English tourists in hotels!
SHAME on the hoteliers - They have had 1,000000s from Holidaymakers...and for the sake of 1 few days they through people out ??? SHAMEFUL
They weren't getting paid Thomas cook pays them after their stay they wasted enough money already
Haha really? So next costumers can sleep on beach then. U think that hotels are empty and just put people on beaches? Funny people
Thats not fair Jo, what ought to happen is that ATOL, the board of directors and HM Govt should agree insolvency with a two week timeframe, in order to guarantee holidays and payment to hundreds of small businesses overseas. Tommy Cook customers are not by nature independent travelers.
leading to the collapse of small hotels and even more job losses around the world? don't think so, if that happened in the hotel I work for then I'd be out of a home permanently rather than a hotel room for a week. gotta think bigger picture here.
Was due to fly out Thursday with TC but luckily was able to book replacement whilst waiting for a refund. As early as Saturday holidays were increasing in price, the one we wanted had risen by £606 overnight, so we just got a cheaper alternative.....
Rest in peace my dream holiday to italy
I totally forgot that details ! The worst part is that they can't make any reclamation :(
If Thomas Cook can collapse any company can. A no deal Brexit will inevitably create more of this.
Sad that 9000 staff who lost their jobs and the knock on effects will of this will last for a while.
Martin Jordan I mean this issue isn’t really to do with brexit but I guess people will keep pressing their political agendas down ya throat till they get what they want. That’s not how life works!
This wasn't caused by brexit fool, Thomas Cook was 1.5billion in debt they used sales and paid holiday hotels after the stays to hold onto money for Bank rate interest rates to float the repayments to stave off administration for a decade.
It is a common practice in all big failing corporate companies, ebay do it amazon do it, I wonder what their real profit is rather than turnover.
I blame the ceo's for running what was originally a family business from the end of the 1800's and turned it into a Corprate failure of a company who tricked its staff by saying everything will be OK, only for the ceo to run off with 34million as a bonus last year.
won't bail Thamas Cook out but will pay hundreds of million to repatriate the customers and the social security money fro the workers and the loss of Taxes from any future business and the damage to European destinations its been a bad summer for as it is this will end up costing the UK over a billion pounds or more
I had no idea people still used Travel Agents??
I thought that died out 18 years ago
RIP Thomas Cook. I liked your paint design and it shall be missed.
Me too .
I book my flights separately with credit card and pay my hotel bill when I leave the resort. Simples Zero risk...
Hasn't everyone supposed to have gone back to school by now?
It's drunk adults.
Hope they voted brexit...they were told it would caused companies to fail but hey...they wanted it anyway
Seen a mirror article, Thomas cook customers paid £2.800 for their holiday and found they were locked out of their room at a hotel, manager held them to ransom, demanding they pay twice.
Anybody seen the chief executive speech he is emotionless and just reads it off a piece of paper he has no worry no care for these people it was just words on paper to him
Guess what, Adria airlines is on the brink of liquidation
Anyone with more than three neurons connected knew that Thomas Cook was on the brink of going belly up.
not really
How about this for an idea - Book your flights and hotel separately. Stop relying on these companies
The only real difference doing it that way is that you'd have to pay for separate travel insurance to cover things rather than letting ATOL do it.
@@alantbaird That doesn't cost much I should know I've been traveling for 40 years never once bought a package holiday
To add to their misery...ryanair have offered to help
oh dear.. that's one of the worst things ever
great PR for ryanair
@basil fawlty lol
They need to go to Ryanair, Virgin Atlantic and HARRY AIRLINERS
this is what happends when every thing is privetised. theres no countabilty, just look at all other companies need tax payer bail out's. it may all as well be tax payer founded be cheaper
Because there was so much accountability in the Soviet Union, just like there is in North Korea now! :D lol
Oh no. If only there was more countability -.-
They were probably taking bookings while filing for bankruptcy. Somebody needs jail time.
why is it just the British government being asked to sort this mess out. There are 300,00 German tourists affected compared to British 120,00 and Thomas Cook is owned 50% by a German firm, so surely it makes it a joint responsibilty.
This is a problem because now Thomas Cook has been running since 1841 to 2019 so use a different company like Trailfinders instaed of Thomas Cook.
150,000 wow - that's a lot of stranded people.
Betcha the hierarchy of the company won't suffer having lined their pockets before this collapse!
Do they EVER 'suffer' on their Mossad-guarded superyachts.?
This has affected Greece as well but the hoteliers would never dream of throwing people out of the hotels.
Toys R Us *”First time?”*
Has to be said, a fair number of Tommy Cook's customers voted for our exchange rate difficulties...
Plenty of risks for this type of business, the exchange rate collapse of 2016 has to be a major factor. Sometimes we have to share the blame?
Who’s families are stuck in a country due to this? My Great Aunt is stuck in Greece :(
Oh dear sorry to hear that. Try using warm water and the Greece should come off.
@@Benaam007-z5s That wasn't funny.
Juky Singh 😂😂😂 That’s hilarious omg
India don't allow foreign airlines in domestic market to save from giants, UK also need to do this to save it's Industry from EU's and US giants.
Get used to it. It will only get worse.
So this is just 1 scenario where British tourism has had an impact on the income of those abroad.whats it going to be like when we leave the eu? Jeez
rob squires worse for them hopefully
Bloke at 1:29 well not interested in being on the telly
Probably said he was sick and couldn't work ahaha
Or told his missus he was working 😆
Rocknroll 😂😂😂 Probably has an online girl on the side and doesn’t want her to notice
Oopsie 🤣
Hazzz 😂😂😂😂
That's such a pity, I feel bad for the people left stranded in a foreign country. Travel is stressful enough
Looking at the class of people stranded, one kinda hopes they stay stranded.
Company was clearly on its last legs yet the fat cats that they employed were on such massive salaries and bonuses, it’s no wonder they went to the wall.
Disgraceful.
"Take the money and run!"
I blame boris johnson, i don't know why..but i like blaming him
These companies need to be regulated properly. Who is responsible for regulating these travel companies? Incompetence all around but the rich get richer and who cares about anyone else.
when they was looking at going out of business they should of been stoped from taking new pasengers any where and only taking people on return flights so they can get home
So no one looked at Thomas Crooks stock prices before booking?!?
The stock has been collapsing for the last year now, seriously the writing has been on the wall and companies and travelers just blindly took zero notice
Don't just book it Thomas Cook it