Thomas Cook Airlines
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Thomas Cook Airlines is a British charter airline with its main bases at Manchester and London Gatwick airports. Formed in 2000 following the merger of Flying Colours and Caledonian Airways, the airline operated under the name JMC Airlines until 2003, after which it assumed the name Thomas Cook Airlines. The airline merged in 2008 with MyTravel Airways, and today operates short- and long-haul services to destinations in the Mediterranean, East Asia and the Caribbean.
Location of Thomas Cook Airlines main hub (London Gatwick Airport)
288 total articles
13 total articles
The market for non-scheduled (charter) passengers in the UK and across Europe is in structural decline and this appears to be confirmed by recent data from the UK Civil Aviation Authority. The main beneficiaries have been the low-cost carriers as holiday-makers have developed the habit of assembling their own self-made package of flights, hotels, car hire and other services. Nevertheless, there is still a role for integrated tour operators, particularly for specialist, long-haul and other niche holidays. This is illustrated by TUI Travel’s recently reported expectation of a 10% increase in profit for FY2013.
However, neither TUI Travel nor Europe’s other major listed tour operator, Thomas Cook, has any plans to expand its fleet and Thomas Cook has even indicated that it is considering an asset light model, making more use of third party capacity. The Thomas Cook group continues to focus on its restructuring, an important element of which is its recent decision to integrate its four airlines into one. This could also be a precursor to selling its airline eventually as the travel companies focus on their distribution and destination management skills.
A decision by travel package operator Thomas Cook to end a five-year charter agreement three years early with Canada’s Jazz Aviation reflects the stark realities regional carriers face in attempting to meaningfully diversify their core business of providing feed to network legacy airlines.
While Thomas Cook ended the deal due to souring demand, it leaves Jazz again with just one client, Air Canada. Tensions between Jazz and Air Canada have flared over a dispute on rates paid to Jazz that could result in the regional carrier having to pay its partner CAD26 million (USD26.2 million) if an arbitrator later this year rules in Air Canada’s favour.
The UK’s major airports have reported a surprisingly upbeat summer season, with the country’s largest airport operator BAA setting a new passenger traffic record. London Luton, Gatwick, City and Manchester have also posted encouraging results this year, as the country shifted back into growth mode after a difficult few years. But BAA has warned that the better times could to be coming to an end, with a weaker-than-expected growth outlook for the remainder of the year.
Lufthansa and Emirates are the fastest growing carriers of the global top ten, increasing their capacity (ASKs) by 12.4% and 8.1% year-on-year, respectively. Delta remains the world's leading carrier by this measure, followed by American Airlines and United Airlines. Combined, United-Continental is roughly 3.3% bigger than Delta by systemwide ASKs.
The UK Government is taking another look at its ownership in UK air navigation services provider (ANSP) NATS, announcing a "call for evidence" over its stake. The ANSP, partially privatised in 2000, has been the subject of much debate over the past six months, concerning the ownership levels of the government and other partnersft6.
The outlook after the Japanese earthquake was still not entirely clear this week even as Narita International Airport Corporation stated all operations at the airport had returned to normal, and Delta reported it was operating its “normal” 40 flights a day to Japan.
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