Thomas Cook Airlines for sale

Missing flights explained

Thomas Cook airlines for sale - plane approaching FunchalVarious sources, including Simon Calder in the Independent, are reporting today that one of the UK’s biggest holiday firms is seeking a buyer for its airline. This confirms various comments recently on this blog, and a number of people being in touch directly, asking why there were no more flights to Madeira being advertised by the holiday group. No announcement had been made about them withdrawing from promoting Madeira as a destination in the UK, either directly, or through their associated brand Condor.
Thomas Cook, which has just announced increased first-quarter losses, says it will consider all options for its flying business “to enhance value to shareholders and intensify our strategic focus”. The tour operator stressed that flights will continue as normal and that any deal will require the buyer to provide the same level of carrying capacity for package holidays.
The airline operates in the UK, the Nordic nations and Germany, where it uses the Condor brand. It is a mid-sized carrier with 103 aircraft, flying around 20 million customers a year to 120 destinations – mostly in Europe but with long-haul operations particularly across the Atlantic.
Unlike some other airlines of a similar scale, Thomas Cook Airlines is in reasonably good health. It made a profit per passenger of over £6 in the most recent financial full year.

 

4 thoughts on “Thomas Cook Airlines for sale”

  1. I’m wondering if these airlines are falling victim to the cut in oil prices? They hedge their bets by contacting to buy fuels up to a year in advance at an agreed set price. Great when prices are going up but like fixed rate mortgages not very good when prices and interest rates are going down. Might be another totally unrelated reason like hikes in landing fees etc but I would expect these to be passed on. It’s a bit difficult to justify increasing fares when fuel prices are going down and new or more flexible competitors are undercutting you!

  2. Very worrying with FlyBe saying they will go in to administration if their shareholders reject offer from Virgin. Must be damaging their business as I tried to book a flight yesterday for June on their web site and it would not work. Also flight comparison web sites not offering bookings to Jersey via FlyBe. Virgin are buying it on the ‘cheap’ mainly access their flight ‘slots’ and will no doubt close unprofitable routes. Signs not good for aviation industry at present with both Thomas Cook and Tui issuing profits warnings.

Leave a comment