Articles tagged “thomas cook”

Virgin Atlantic CEO Reveals Plans for FlyBe Acquisition

Christopher Jasper and Guy Johnson, Bloomberg

Get ready for "Virgin something" as the airline moves to beef up its intercontinental offerings and take advantage of Heathrow's planned third runway with acquisitions like FlyBe.

Fosun Moving Forward on Thomas Cook Offer After Exec Drops Hint

Tom Lowry, Skift

You heard in Singapore first. The CEO of the Fosun Tourism Group did not deny the company was moving ahead with a larger play for Thomas Cook at Skift Forum Asia. Keep your eyes peeled for what would be one of travel's biggest deals of 2019.

Skift Forum Europe Video: AI and Personalization – The Next Stage in Travel Marketing

Artificial intelligence was a hot topic at this year’s Skift Forum Europe in London. In this video recap from the event, we learn more about how Tinyclues is helping travel brands like Thomas Cook use AI to deliver more personalized shopping and buying experiences to customers at scale.

The Anti-Flying Movement Is Slowly Starting to Hurt European Airlines

Patrick Whyte, Skift

A lot of people feel guilty about flying, but the number prepared to give it up is still pretty small. That's not to say it can't grow, especially as climate change becomes more of a priority. Should we all have the right to cheap flights, even if they are helping to destroy the planet?

Imperiled Thomas Cook in Talks to Sell Nordics Division

Patrick Whyte, Skift

Given that Thomas Cook released a statement about the potential sale, this looks pretty serious. But it begs the question: Just what will Thomas Cook have left if and when it sells its airlines and Nordics divisions?

Skift Forum Asia: Fosun Tourism CEO on Creating the Foliday Brand

Patrick Whyte, Skift

Fosun has quietly integrated the companies it has either invested in or bought into its Foliday ecosystem, with the plan to manage and control every stage of the tourism experience.

Ryanair Ready to Pounce on Opportunities From Pending Airline Mergers

Patrick Whyte, Skift

It looks like Ryanair is preparing itself for a major shakeup of the European airline industry. We've heard it talk about struggling competition before, but things are getting much tougher out there.

Thomas Cook Shares Have Nearly No Value, Analysts Say

Sam Unsted, Bloomberg

At Skift Forum Europe in April, Thomas Cook CEO Peter Fankhauser said the company should bounce back as long as it de-leverages its balance sheet and pays back it debt. Will that be enough?

Thomas Cook Tries to Stem the Bleeding After $1.9 Billion Loss

Patrick Whyte, Skift

Announcing such a big loss is not a good look for any company, but Thomas Cook management will be hoping they've got all of the bad news out at once and use some breathing space to shore things up.

TUI Plans to Take On Local Online Booking Players With $1 Billion Revenue Goal

Patrick Whyte, Skift

TUI's global plans are ambitious and bring it into direct competition with strong local online players, but as the CEO said, it only needs a relatively small number of customers to fulfill its needs.

What Embattled Thomas Cook Must Do to Stay Alive

Andrea Felsted and Marcus Ashworth, Bloomberg

The debt-laden European tour operator's ongoing struggles are reaching a breaking point. It's still possible to get its house in order, though, and if it can achieve this, it could still pull through.

British Airways Parent Isn’t Interested in Buying Thomas Cook’s Airlines

Patrick Whyte, Skift

Despite playing a key role in European airline consolidation over the last few years, it seems IAG's arch dealmaker Willie Walsh is now happy to sit back and let others fight it out.