Thomas Cook TV
 |
|
| Public | |
| Traded as | : |
| Industry | Hospitality, tourism |
| Predecessor |
Thomas Cook & Son Thomas Cook AG MyTravel Group plc |
| Founded | 2007 |
| Headquarters | Peterborough, Cambridgeshire, England, United Kingdom |
|
Area served
|
Global |
|
Key people
|
Frank Meysman Non-Executive Chairman Peter Fankhauser (CEO) |
| Products | Charter and scheduled passenger airlines, package holidays, cruise lines, hotels and resorts |
| Services | Travel agencies |
| Revenue | £7,812 million (2016) |
| £308 million (2016) | |
| £9 million (2016) | |
|
Number of employees
|
21,940 (2016) |
| Subsidiaries | |
| Website | www |
Thomas Cook Group plc is a British global travel company listed on the . It was formed on 19 June 2007 by the merger of Thomas Cook AG, itself the successor to Thomas Cook & Son, and MyTravel Group plc. It is listed on the and is a constituent of the FTSE 250 Index. The group owns a number of tour operators, as well as airlines based in the United Kingdom, Germany, Belgium and Scandinavia. Thomas Cook also owns the booking website Hotels4u.
At the time of the merger, 52% of the shares in the new company were held by the German mail-order and department store company Arcandor (the former owner of Thomas Cook AG) and 48% owned by the shareholders of MyTravel Group. Arcandor filed for bankruptcy in June 2009, and its shares in Thomas Cook were sold in September 2009. Thomas Cook Group plc's three major shareholders as of June 2016[update] were Invesco (19%), Standard Life Investments Ltd (10%) and Guang Chang Guo (7.03%). The remainder of the stock floats freely.
Thomas Cook Group operates in five main divisions, UK, Central Europe, Germany, West Europe and Northern Europe. With a joint fleet, at merger, of 97 aircraft, 2,926 stores, 32,722 employees, and over 19.1 million annual customers, the new group became the second largest travel company in Europe and the UK, behind TUI Travel.
The refusal by Thomas Cook to pay statutory EU compensation to customers who have been cancelled or delayed, means that there is a substantial liability accruing on the Airline's balance sheet.
Thomas Cook has been a main sponsor of Manchester City and Peterborough United football clubs. On 22 May 2009, Manchester City announced that the six-year partnership with Thomas Cook would conclude at the end of the 2008/09 Premier League Season. Thomas Cook was a sponsor of the London 2012 Olympic Games. As one of the UK's biggest and most popular providers of package holidays, Thomas Cook was appointed to provide "affordable and accessible" holidays and accommodation throughout the games.
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Wikipedia