Missing flights explained
Various 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.