| Bandorr said: Trying to follow the Thomas Cook thing. The country will have to pay over 600 million to get people back to where they came from. But apparently it would have taken only 200 million to bail out the airport? So why was 200 million + saving a ton of peoples jobs a worse option than spending 600+? |
To give some insight on the financial situation TC's approach is a combination of higher ups still taking bonuses when the business plan has fallen through, what TC started doing was that the higher ups began receiving huge bonuses that began to eat into profits they tried to offset this by using the earnings of holidays from following years. The problem is things began to get inconsistent year by year as far as holiday makers go with newer companies bringing fierce competition as well as other factors so as the years went on the lower profits in a following year weren't making up for the prior year all the while the higher ups were still taking these banker like bonuses until as seen it all reached a dead end.
Bailing them out would have just had TC continue doing the same leading to the problem resurfacing again as their business plan was out of date and needed rethinking, ironically what has given a light at the end of the tunnel here is a EU ruling that will see people refunded or returned home but it's still a massive task had Brexit already happened especially with no deal the situation would be far more chaotic and would cost even more to bail them out.
