• News
  • Sport
  • TV
  • Radio
  • Education
  • TV Licences
  • Contact Us

For all official information and updates regarding COVID-19, visit the South African Department of Health's website at www.sacoronavirus.co.za

No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • SCI-TECH
  • LIFESTYLE
  • FEATURES
  • OPINION
Home Business

Thomas Cook CEO on liquidation: ‘I apologise’

23 September 2019, 12:21 PM  |
Reuters Reuters |  @SABCNews
Thomas Cook employs 21 000 people and is the world's oldest travel company, founded in 1841.

Thomas Cook employs 21 000 people and is the world's oldest travel company, founded in 1841.

Image: Reuters

Thomas Cook employs 21 000 people and is the world's oldest travel company, founded in 1841.

Peter Fankhauser, the chief executive of Thomas Cook, apologised on Monday for the liquidation of the world’s oldest travel company, which left thousands of passengers stranded around the globe and sparked the largest peacetime repatriation effort in British History.

“I would like to apologise to our millions of customers and thousands of employees, suppliers and partners who have supported us for many years,” Thomas Cook CEO Peter Fankhauser said.

British Prime Minister Boris Johnson pledged to get stranded British travelers home and revealed that the government had rejected a request from Thomas Cook for a bailout of about $187.1 million because doing so would have set up a “moral hazard”.

The firm ran hotels, resorts and airlines for 19 million travelers a year in 16 countries, generating revenue in 2018 of $12 billion. It currently has 600 000 people abroad, including more than 150 000 British citizens.

Thomas Cook employs 21 000 people and is the world’s oldest travel company, founded in 1841. The company has $2.1 billion of debt.

Share article
Tags: Thomas CookPeter Fankhauser
Previous Post

‘I think there’s still a lot to be done within our democracy’

Next Post

Philippines to vaccinate millions as polio virus resurfaces

Related Posts

A worker pours crude oil into a locally made burner using a funnel at an illegal oil refinery site near river Nun in Nigeria's oil state of Bayelsa.

Nigeria lost $1 billion in Q1 revenue to crude oil theft

3 July 2022, 3:31 AM
Businesses in he Northern Cape say they are battling to stay afloat and are afraid they might soon have to close shop due to lack of power supply.

Northern Cape businesses barely surviving due to load shedding

2 July 2022, 10:47 PM
South African rand notes.

R3.4-billion voluntarily returned by employers who were TERS beneficiaries: UIF

2 July 2022, 10:07 AM
MSCI's world stocks index, which on Thursday notched its biggest percentage decline for the first half of the year since its 1990 creation, rose 0.4%.

Second half begins with rally in stocks, fall in yields

2 July 2022, 2:10 AM
A man holds a fuel nozzle at a petrol station.

Motorists brace for another fuel hike

1 July 2022, 9:00 PM
Details of the offer have not been released by the unions.

Eskom says it plans to take disciplinary action against workers who embarked on an illegal strike

1 July 2022, 7:27 PM
Next Post
Immunisation coverage in the Philippines is at 70%, below the recommended rate of 95%.(File Image)

Philippines to vaccinate millions as polio virus resurfaces

Most Viewed

  • 24hrs
  • Week
  • Month
  • EMS says fire at Bree Street Taxi Rank in Johannesburg has been extinguished
  • The public has until 18 May to make submissions on Icasa’s regulations for extension of expiry period for data, airtime
  • ANC NEC expected to hold a special meeting on Sunday
  • Eastern Cape flood victims plead for support as access to food, services remains difficult
  • Amathole Regional Secretary elated to have corruption charges against him dropped
  • E Cape Liquor Board says Enyobeni tavern owner will face criminal charges
  • Missing Soweto boy’s body found at Eldorado Park wastewater plant
  • Interpol arrests suspect for swindling US citizens millions of dollars
  • Police close investigation into Enyobeni tavern tragedy
  • Taxi commuters to pay an additional R5 in fare from Friday
  • East London police search for clues that led to tavern death; calls to revoke tavern’s licence 
  • UPDATE: At least 17 people killed in an East London tavern stampede
  • SANTACO and NTA calls on COSATU to join the national shutdown over the hiking fuel prices
  • NTA yet to decide whether to support calls for national shutdown amid fuel price hikes
  • South Africans no longer required to wear face masks indoors

LATEST

Ismael Mchunu from the Durban University of Technology was crowned the winner of the 2022 Hollywoodbets Durban July Young Designer Award
  • Lifestyle

Hollywoodbets Durban July boosts local economy, generates over 700 new jobs: Authorities


A view of a flooded road following heavy rains in Lismore, New South Wales, Australia March 2, 2022.
  • Sci-tech

Floods hit southeast Australia, forcing evacuations


Accident
  • South Africa

12 vehicles involved in a collision on N1 South Bound on Saturday


Police tapes in a crime scene.
  • South Africa

Limpopo TVET educator killed in mob justice for allegedly stealing goats


Adesanya
  • Sport

Adesanya, Volkanovski retain titles at UFC 276


Farming
  • South Africa

Tigane farm dwellers currently living in squalor given new hope


Weather

  • About the SABC
  • Contact Us
  • Jobs
  • Advertise
  • Disclaimer
  • Site Map

SABC © 2022

No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • SCI-TECH
  • LIFESTYLE
  • FEATURES
  • OPINION

© 2022

Previous Ayanda Nkosi ‘I think there’s still a lot to be done within our democracy’
Next Philippines to vaccinate millions as polio virus resurfaces