Thomas Cook collapses blaming Brexit. When will the leavers admit they've made a mistake?

[JustOneLastThing]

Another one bites the dust. Boris is silent. Thomas Cook have blamed Brexit uncertainty. 9,000 UK jobs lost. All for blue passports and 'sovereignty'. How many more companies will keel over because of this?

Thoughts? Any brexiters want to give me their views?

To be fair, I think it's not just Brexit that done them in. Their business model wasn't flexible enough and expensive to maintain. Which meant they'd struggle in a bumpy economic climate.
Miss their flights to JFK from Manchester though. They were really good for trips to see family.

I'm a remainer through and through but don't agree this is all down to Brexit.

I should have stipulated that I agree this isn't down to Brexit entirely (they have blamed them in March of this year stating that people weren't booking holidays because of the uncertainty), but I do think it was a major contributing factor.

Really....

I think a lot has gone wrong for Thomas Cook over a very long time. Mainly that more and more people are happy booking stuff themselves direct over the internet. In fact its often better and easier booking stuff direct that it is through a 3rd party especially if you have any specific needs.

Boris is silent on the issue? Check your facts.

TC have been in trouble long before Brexit became an issue, but don't let that get in the way of your sensationalist dross.

@ohhelloyou have a biscuit back ! If you have a better comment feel free to add in.

I don't think it is just Brexit to blame for their situation. People buy holidays differently now but TC didn't adjust their business model accordingly.

It's a terrible shame for those that have lost their jobs.

Also the principle of 100% attendence whatever and not having a 2 week amnesty for family is killing anywhere depending on tourism from holiday companies to our local kid friendly zoo

I don't think this was just down to Brexit, though it would have been one of many contributing factors. And I am as anti Brexit as they come.

Bad management decisions and people booking online themselves.

I don’t think it’s Brexit it’s hard to stop people taking their holidays.

But if people do start reducing holidays and flying it’ll be good overall. These companies will need to think of a plan.

I don't know why you bother.

You could have queues of lorries backing up to the M25 and no one will ever admit having backed a loser.

It'll be

• nothing to do with Brexit
• someone else's fault
• I didn't vote for this*

• in the same way that that they definitely opposed the Iraq war in 2003

Thoughts? Any brexiters want to give me their views?

People not flying due to environmental concerns ( good! )
Air bnb.

I’m a remainer anyway and think Brexit is going to be responsible for a lot of things if not TC

Have you any proof this was down to Brexit? Or were you just looking for way of sounding all superior by blaming leave voters?

Is this Brexit’s fault? Easy excuse

That’s what Jamie Oliver said as well, about his poorly run resraurants (expensive, poor food, badly managed, nothing to do with Brexit)

The company has been mismanaged for ages, and has needed rescuing before.

Brexit will bring us all kinds of shit, but this is not it!

Thomas cook wasted loads of money on retail space - who goes into a shop anymore and books their holiday? People are internet savvy nowadays. Piss poor management has led to this. Brexit has its role yes, but other huge factors are at play here.

@benes I went away in June, the pound was abysmal. Everything was 1/3 more expensive because of it. How can that not affect holidays? I have not booked one since and will be waiting it out.

I am one person but I know a lot of people who are changing the way they travel.

CAn I suggest instead of Brexit bashing you actually read lots of the articles that are now out. They were bailed out in sorts by the banks back in 2011 so years before the vote, and instead of improving are back in the same place now. The advent of online bookings, people doing their own tours now, completion undercutting all has a part to play, as do bonuses to the top people. Good article on the bbc website if you can be bothered to read it than taking the way Brexit bashing option

Brexit probably was a factor. I mean it's a travel company FGS. But it wasn't the reason it folded.

And that's the thing, margins are tight in a lot of businesses so they might not fail because of Brexit but they would have failed so quickly without it.

Fortunately for Leavers, it will be difficult to quantify until it's too late.

I am one person but I know a lot of people who are changing the way they travel

There are many reasons why people are changing they way they travel. You can't blame everything on Brexit....although many people are just looking any excuse to do that and won't let little things like facts get in the way of that.

In this case Brexit is not to blame. There are so many other factors at play here.

I'm sure Brexit played a roll, particularly given that it's been so strung out. At the beginning of the year when it wasn't certain that we'd be able to make aviation agreements I know plenty of people who decided that they were going to book their summer holidays in the UK or via Eurostar, and I suspect similar thinking is still continuing to operate. Certainly the poor state of the pound is another big factor.

Well, the government are insisting it isn't linked to Brexit.

Which probably means it is linked to Brexit.

metro.co.uk/2019/09/23/minister-denies-brexit-blame-thomas-cook-collapse-10792539/

This is nothing compared to the carnage that will happen if Greta Thunberg gets her way.

Or if she doesn't.