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Thomas Cook - what you need to know - MSE News

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MSE_CallumMSE_Callum Forumite
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Holiday firm Thomas Cook has confirmed that it is seeking £200 million in extra funding as it attempts to prevent a collapse...
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'Thomas Cook worries? Here's what you need to know'
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  • crafty-66crafty-66 Forumite
    4 posts
    Fourth Anniversary Combo Breaker First Post
    MoneySaving Newbie
    I am paying by D/D for next years holiday, should I cancel the D/D
  • Alan_BowenAlan_Bowen Forumite
    3.9K posts
    Part of the Furniture 1,000 Posts Name Dropper
    Direct debits do not provide any protection, it is like paying cash. However, if you have an ATOL Certificate you are protected, if you have no ATOL Certificate, then you are at total risk. I could never tell anyone not to pay but I might suggest a slight delay if it is due in the next 10 days or so. ATOL Cert, no worries, no ATOL big worries!
  • We have a group booking, flight only (MAN to MCO, departing 10/10/2019), booked directly with Thomas Cook Airlines, paid for with a Thomas Cook gift card. Where do we stand in terms of refunds if they do go into admin and flights are cancelled? (The gift cards were purchased with a credit card).
  • italianostallioitalianostallio Forumite
    1 posts
    Seventh Anniversary
    MoneySaving Newbie
    Hi thank you in advance for your help. I am covered by ABTA is that the same as ATOL?
  • brewerdavebrewerdave Forumite
    6.2K posts
    Part of the Furniture 1,000 Posts Name Dropper
    Lets pray that they don't go under -no idea how repatriation flights could be organised for so many people:eek:
  • I have a Disney package booked and payed for. Triple protection, ATOL, CC and insurance. Which is the best avenue for a refund? Are all aspects covered? We got the park tickets, car hire and car insurance from them too. £6800 all in ��
  • Hi,

    I'm assuming that if TC do go under then so will their subsidiaries?

    I've got a Disneyland Paris trip booked for my son and I leaving on January 1st. It was booked through MagicBreaks. The ATOL certificate is in the name Freedom Travel Group Ltd, which is all part of TC.
    I'm not concerned about getting my money back, ATOL will cover that. I haven't told my son about the trip yet, I was going to surprise him on his birthday at the end of December so he won't be disappointed if it does get cancelled.

    Just a shame for all the staff if the worst happens.
  • tberry6686tberry6686 Forumite
    1.1K posts
    Tenth Anniversary 1,000 Posts Name Dropper
    I am paying for next years holiday by DD. If I am correct, I have no protection if TC goes under. Can I call them and pay some of it by credit card and gain protection that way ?
  • BrowntoaBrowntoa Forumite, Board Guide
    47K posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Ironically it will cost ATOL £600 million to repatriate but only £200 million to keep it afloat
    Links in my signature currently broken
    I'm the Board Guide of the Referrers ,Telephones, Pensions , Shop Don't drop ,over 50's , Boost your income and Discount Code boards which means I volunteer to help get your forum questions answered and keep the forum runnning smoothly .However, please remember, board guides don't read every post. If you spot an inappropriate or illegal post please report it to [email protected] Any views are mine and not the official line of MoneySavingExpert.
  • bhaisabbhaisab Forumite
    268 posts
    Part of the Furniture 100 Posts Combo Breaker
    Hello Forum,

    I have booked flights and hotel, through
    Atol certificate provided
    paid by CC

    flights are with Thomas Cook, just seen company is at risk.
    If I take out insurance now will I be covered if flights are cancelled or would I be seeking help from Atol anyway
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