Saturday, 26 November 2011

Thomas Cook borrows money to keep going until it collects in all the upfront holiday money

Thomas Cook has debts off some billion plus. It does not have any real tangible assets - no Cruise ships, its planes are leased, it owns no real estate eg Hotels. In a time of economic depression it needs to reduce its operating costs and earn enough to at least pay the interest on its debt out off yearly profits. What do you think of its chances?

totally unconnected but the Met Police have put online mugshots and postcode address of all London rioters convicted - mostly ethnic minority but not one from Broadwater Farm -was the SAS not on standby?

1 comment:

Anonymous said...

Not quite right - they do own real stuff as they have just sold six planes and some hotels in the depresed Spanish property market.