Mytravel is only a known name now because of it’s recent financial problems, Thomas Cook dates back to 1841. The Airtours name is much better known, and I never understood why they changed the group name to start with, I would imagine the Airtours name would be retained in addition to Thomas Cook, perhaps replacing JMC.
That said, there needs to be consolidation in the UK package holiday market, as it has been a poor couple of years in the industry with over capicity issues and smaller profit margins, due to a number of things such as Sars, Bird Flu, good weather, terrorisim scares and of course the influx of low-co’s and bed banks.
I, from a travel agent’s point of view see this as a good move, although I fear there will be big job cuts for the workforce.
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