Thomas Cook: Heritage Brand. Business Hole.

Amidst the sadness this week at the loss of a heritage brand from the UK plc portfolio, there will be several other businesses, and indeed, countries, looking to fill the hole this leaves in their plans.

Thomas Cook, with Thomas Cook Scandinavia and Condor Flugdienst, the German arm of the company, made up 3% of scheduled airline seats departing from UK airports this summer, 4% from Germany and around 1% from Scandinavia. With rescue plans in place for Condor and the Scandinavian entity, it now seems that it is just the core UK part of the business which will not take to the skies again.

The UK airport with the largest Thomas Cook presence this past summer has been Manchester Airport where the airline had 1.17 million airline seats scheduled to depart between 31st March 2019 and 26th October 2019. This was 35% of all UK capacity for Thomas Cook but also 10% of all scheduled capacity at the airport. Manchester Airport’s dependence on Thomas Cook in the Winter months is less, at 6% of all capacity prior to the collapse of Thomas Cook, or 350,000 seats, but this represents a large chunk of revenue which will now not materialise.

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