TUI Group has seen its underlying EBITA improve by 18.6 per cent in the three months from April to June 2015, increasing to €194.2 million. The operating result includes foreign exchange translation effects and the impact of the Easter business, which did not fall fully into the quarter under review in this calendar year. Excluding these effects, underlying EBITA totalled €185 million, a strong increase of 13 per cent year-on-year.
The board of TUI Deutschland has appointed Sebastian Ebel as the new chief executive of the company with immediate effect. In adopting the resolution regarding the change at the helm of the company, the supervisory board followed the wish of the previous chief executive Christian Clemens, who will now pass his responsibilities into new hands six months earlier than originally planned.
Royal Mail has revealed the appointment of Peter Long as a non-executive director and chairman designate. Long is presently joint chief executive of TUI AG, but is expected to relinquish that role early next year. He will join the board of Royal Mail on June 18th as a non-executive director and will stand for election at the company’s annual general meeting on July 23rd.
TUI Group has confirmed it will migrate to a single brand across all its markets, in effect signalling the end of Thomson and First Choice. The companies have been mainstays of the UK holiday market for a generation. In a call to analysts TUI Group chief executive Peter Long said the migration to the TUI brand would take place over several years.
TUI UK & Ireland has announced that Nick Longman, currently managing director, distribution and online – mainstream, will be appointed as managing director of TUI UK & Ireland with effect from June 1st 2015. At the same time, David Burling moves to a larger role as managing director of Northern Region on the executive board of TUI Group, overseeing the UK and Ireland, Nordics, Canada and Russia.
Despite international interest, Castelfalfi remained a dormant sleeping beauty until 2007, when European based tourist company TUI AG acquired the village and surrounding 2,700-acre estate with a vision of reviving the village in the most authentic way possible and transforming Castelfalfi into one of Italy’s finest leisure and vacation destinations.
Low-cost carrier Norwegian has continued its cooperation with several big tour operators by entering new agreements with TUI, Thomas Cook and Nazar. The agreements mean that Norwegian will fly charter passengers to several destinations in the Mediterranean.
TUI UK & Ireland has announced that Jill Carter has been appointed to the role of director of retail, with immediate effect. Carter, currently head of retail sales, will now lead the transformation of the retail business across the 649 shops in the UK & Ireland. Carter will report into customer operations director, Fraser Ellacott.
TUI Group has released its first set of quarterly results since the merger of TUI AG and TUI Travel last year, revealing it narrowed losses in the first quarter. The world’s largest travel group said underlying operating losses were reduced by €33 million to €108 million, when compared to the same period of last year.