Thomas Cook and MyTravel - what the web is saying
February 12, 2007
We've been trawling the web for some more reaction to today's news. At the Times Ginny McGrath reckons consumers will barely notice the difference...
Such a merger back in the mid-1990s might have produced an increase in package holiday prices, owing to reduced competition. Now it is more about survival of the traditional operators.
...while in the same paper's business section Steve Hawkes reckons the merger will silence doubts about MyTravel boss Peter McHugh.
The Guardian has a brief comment from Evolution Securities' Nigel Parson to the effect that KarstadtQuelle's recently announced purchase of the 50% of Thomas Cook still owned by Lufthansa paved the way for today's announcement.
Forbes has a story that suggests there will be no Thomas Cook job losses in Germany.
If you've been following the story on Travel Weekly you'll also have seen that First Choice has, naturally, confirmed that it is terminating talks about the sale of its mainstream holiday division.
And finally - if you missed the live feed of KarstadtQuelle's press conference this morning, it's now available on demand. Load the page and hit the 'Speeches' link.
Nathan Midgley
