Originally Posted by
The Hooded Claw
It’s been widely reported that market uncertainty has had a significant effect on Thomas Cook due to Brexit.
It’s also well know that currency devaluation has played a large part in their problems, again due to Brexit.
I totally agree that Thomas Cook were still relying on an outdated business model, but the I believe spending the £200m was a risk worth taking to buy the company some time to reorganise itself, maybe by selling off the airline.
The difference between them and TUI is that they were more reliant on the UK market, which is exposed... because of Brexit.