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Perhaps the managers' bonuses were calculated at strategic times in the year (after receiving payment, but before paying their suppliers). This would tend to inflate the bonuses well above their justified level, based on an annualised calculation.
Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.
-- 6079 Smith W.
Exactly what was going through my mind. They know the future operating cost of the planes, give or take to allow for fuel price charges. They know what the hotels will cost them when they sign the contract with the provider, they know their staff costs, airport charges etc. etc.
Because they have been paying bills on future incomes.
So whenever those future incomes don't arrive anymore, because people are afraid to travel because, well, let's not go there. This isn't the soapbox.
I don't see the british ones in the news here. We certainly have our fair share. My guess is that your favourite search engine will produce a zillion hits on travel agency collapse [insert country]
This caught my eye because Thos Cook was the archetype of a travel agent. Hell, I think I even bought some of their travellers cheques half a century ago.
And "Cooks Tour" entered the vernacular a good century ago.
Software rusts. Simon Stephenson, ca 1994. So does this signature. me, 2012
Thomas Cook have been hanging on by their fingernails for sometime now..... They kept a large and expensive network of High Street shops when everyone else was moving online. They also operated on very slim margins.
Lava bread would probably be better than laverbread, for sure.
The latter is "an acquired taste" which I have diligently managed not to acquire. I suspect the only reason for eating it was that it was the only food you could get back in the day.
Sent from my Amstrad PC 1640 Never throw anything away, Griff
Bad command or file name. Bad, bad command! Sit! Stay! Staaaay...
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Last Visit: 19-Oct-19 14:47 Last Update: 19-Oct-19 14:47