What Happened to Thomas Cook?

What Happened to Thomas Cook?

Author: Skift October 24, 2019 Duration: 12:49
The UK government this week engages in another set of inquiries on why Thomas Cook went bankrupt, which is the perfect time to ask Skift Europe Editor Patrick Whyte, who has been covering the story, what happened. How did the "booking clerk to the empire" go belly-up after more than 150 years? Whyte explains that the company was struggling under a massive debt load and had struggled with maintaining a large number of travel agencies as booking habits changed. But Whyte noted that parts of the business remain — Condor, in Germany, and the subsidiary in the Nordic countries. European and UK holidaymakers may see fares rise in the short term as airlines backfill the capacity hole left by Thomas Cook's bankruptcy, but Whyte believed the capacity shortfall would be filled by next summer. 

Step inside the Airline Weekly Lounge, a podcast from Skift where the editors behind the industry publication gather for a deeper, more conversational look at the world of commercial flight. This isn't just a recap of headlines; it's a focused exploration of the complex forces shaping how airlines operate, compete, and ultimately survive. Each episode digs into the week's most intriguing developments, from fleet strategies and route networks to labor dynamics and the evolving culture of travel, always with a keen eye on the bottom line. The central, driving question remains: how do carriers actually turn a profit in this famously volatile business? You'll hear analysis that connects financial results to real-world operations, discussing everything from premium cabin innovations and loyalty program economics to airport politics and environmental pressures. The tone is informed and accessible, peeling back the layers on both major global network carriers and regional players. For anyone curious about the business realities behind their boarding pass, this podcast offers a regular dose of context and clarity, revealing the intricate balance of economics, service, and strategy that keeps the industry aloft. Join the editors in the lounge for a perspective that goes beyond the news cycle.
Author: Language: English Episodes: 422

Airline Weekly Lounge
Podcast Episodes
Setting the Scene for Earnings Season [not-audio_url] [/not-audio_url]

Duration: 32:04
Presented by American Airlines In this week's show, Gordon Smith and Jay Shabat explain the key elements to watch as third-quarter earnings season begins. The pair discuss all-important factors including aircraft supply…
Southwest and its New Plan [not-audio_url] [/not-audio_url]

Duration: 26:38
Presented by American Airlines In this week’s episode, Jay Shabat and Meghna Maharishi discuss Southwest's latest turnaround plan. They also look at the current state of the transatlantic market connecting the U.S. with…
El Al Comes Out on Top [not-audio_url] [/not-audio_url]

Duration: 27:46
Presented by American Airlines In this week's episode, Gordon Smith and Jay Shabat discuss the final results from Airline Weekly's Earnings Scoreboard for Q2 2024. From household names to niche regional players, we exami…
Skift Global Forum: The Airline Storylines [not-audio_url] [/not-audio_url]

Duration: 27:23
Presented by American Airlines In this special episode, Gordon Smith and Jay Shabat are in New York City for the Skift Global Forum. Recorded just minutes after stepping off stage, the pair debrief following a wide-rangi…
Southwest's Evolving Network [not-audio_url] [/not-audio_url]

Duration: 33:50
Presented by American Airlines In part one, Gordon Smith and Jay Shabat examine the huge changes taking place across Southwest Airlines' network and reveal the big winners and losers as the LCC's route map evolves. In pa…
Qantas in Focus [not-audio_url] [/not-audio_url]

Duration: 31:57
Presented by American Airlines In part one, Gordon Smith and Jay Shabat take a closer look at Qantas and ask how major new projects could change its business. In part two, we turn our attention to Colombian national carr…
Busiest Global Airports: The Q4 2024 Preview [not-audio_url] [/not-audio_url]

Duration: 25:52
Presented by American Airlines In this week’s show, Gordon Smith and Jay Shabat examine the global airport capacity data for the coming quarter. Of the 100 busiest airports worldwide, we reveal the likely winners and los…
Our Air Canada Check-In [not-audio_url] [/not-audio_url]

Duration: 31:33
Presented by American Airlines In part one, Gordon Smith and Jay Shabat discuss the latest developments at Air Canada and find out what its international expansion plans could mean for future profitability. In part two,…
Jet2's Secret Sauce [not-audio_url] [/not-audio_url]

Duration: 33:43
Presented by American Airlines In part one, Gordon Smith and Jay Shabat examine the fascinating story behind British leisure carrier Jet2, and explain why it's an airline worth watching. In part two, we turn our attentio…
The Q2 2024 Earnings Scoreboard [not-audio_url] [/not-audio_url]

Duration: 34:22
Presented by American Airlines In part one, Gordon Smith and Jay Shabat reveal which U.S. airlines had the best and worst second quarters of 2024. In part two, we turn our attention to the latest developments at European…