Thomas Cook customers thrown out of hotels

British holidaymakers were thrown out of their hotels abroad as others scrambled for information on how to get home after the collapse of travel giant Thomas Cook.

From job losses to cancelled honeymoons, the demise of the British company left an estimated 600,000 people stranded worldwide.

Sky's special correspondent Alex Crawford reports from Turkey.

[urmasurda]

At least Ryanair won't be voted Europe's worst airline this year

[TheTechGiantYouTube]

Poor sods, people save up all year to go away on holiday and get away from the stresses of life and then they get this to deal with.

[HelloImDavid]

Bloke with the pint looks very worried about staying in Turkey

[IMMACUTMAN]

I got an ad for a cruise ship before this video. They're trying to move their way into the market

[maverick]

Even though the company was going bankrupt the CEO still managed to get a pay Bonus.

[YegaSRT]

Now's the time for that "ATOL protected" bit to kick in right?

[sergarlantyrell]

It should be illegal to conceal a financial collapse till it happens.

People just end up stranded needlessly when the execs probably knew this was coming for weeks.

[Clavinovaman]

0:33: Thomas Cook hasn't been financially 'secure' for a few years now. I thought their difficulties were well documented.

[conanw]

The bosses have filled their pockets with the money to help these people, absolutely no way there is no money to help get them back.

[Flamingpiano]

Thomas Cook Group was "the most shorted company on the London Stock Exchange."
CEO Peter Fankhauser should be held accountable.

[cp]

Knock me down with a feather! Brexit has actually not been blamed for this! Quite astounding..

[keegan]

The bosses took millions in pay and bonuses while they must have known the company was in deep trouble.
How can they take so much while the company is not making a profit. Bonuses are for a job well done not presiding over a disaster.

[keithblue]

Damn more stuff for the British government to deal with, we are really getting stretched thin

[MrDavidc]

These hotels should be boycotted by other travel agents. Even if they didn't get paid, it's not the customers'fault.

[idontsignin]

I know what it's like to book a holiday and then the company go bust. Seguro holidays in 2008. My heart goes out to all the people affected, customers who's holiday plans are screwed and staff who don't have a job now and might not get paid at the end of the month. The management of Thomas cook should be in jail for letting this happen, and I mean past and present. they think it's fine to give themselves 20 million in bonuses over the past 5 years even thought they were struggling financially.

[markheller]

I will Never go to Maiorca in solidarity with those thrown out of their rooms. Never! Animals. These are good honest British citizens. Your friend in the USA

[eRA_EvO]

It's disgusting that these people are being punished for another company's bad economic management

[haydenharris]

Tax payers lose.
Workers lose.
Passengers lose.
Directors walk away with massive bonuses which makes one think there are massive conflicts of interests.

[ryansweeney]

All the guys look like sweethearts and their wives are beasts

[webster]

Okay so.. £600 million taxpayer bailout to get these people home yet Thomas cook only needed £200 million to stay afloat.. Excessive bonuses.. And what about this?

Nearly 11% of the travel company’s shares were ‘shorted’ ahead of its collapse. Short-sellers try to profit from firms they believe are in trouble. They borrow shares in a company, for a fee, and then sell them in the hope of buying them back at a lower price – and pocket the profit. Short sellers have cashed in on the rapid decline of Thomas Cook’s share price, which plunged 85% in the six months before Sunday’s collapse.


Two hedge funds – London-based TT International and Whitebox Advisers, from Minneapolis – made up the bulk of the shorts, together holding around 7%, according to ShortTracker data.


Other hedge funds are also set for a windfall from investments in credit default swaps, which are form of insurance that pays out when a company defaults on its debts.


Those investments would have been worthless if Thomas Cook had managed to clinch a deal this weekend. But as a result of the collapse CDS payouts are now expected to reach $250m (£201m), according to reports by Bloomberg.