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TUI Group sees increased losses in first quarter as uncertainty bites

TUI Group sees increased losses in first quarter as uncertainty bites

TUI Group has delivered a first quarter loss for financial 2015/16, though figures show an improvement versus financial year 2014/15. On a constant currency basis, underlying EBITA improved by 7.2 per cent to a seasonal loss of €97.3 million euros, compared to losses last year of €104.8 million in the reporting period from October to December. However, including the impact of foreign exchange translation effects, losses rose by three per cent to €101.7 million.

TUI Group signs five year inflight retail deal with gategroup

TUI Group signs five year inflight retail deal with gategroup

8 January 2016 Organisations & Operators

TUI Group has formally signed a five-year contract with gategroup through its Gate Retail Onboard subsidiary that focuses solely on inflight retail, to be its single source supplier for inflight retail for all five tour operator airlines of TUI Group. The scope of the contract includes on-board sales of food and beverage, duty free articles as well as pre-order sales in the UK and the Nordics.

TUI Group records €448m annual profit following merger

TUI Group records €448m annual profit following merger

The TUI Group has outperformed its earnings guidance for the full financial year. “The first year following the restructuring of the TUI Group was completed with a very strong set of results,” said Fritz Joussen, chief executive TUI Group. The operating result (underlying EBITA) climbed by 22.9 per cent to 1.069 billion euros (previous year €870 million). It amounted to €1.004 billion on a constant currency basis, up 15.4 per cent.

TUI UK&I welcomes new board members

TUI UK&I welcomes new board members

TUI UK&I has announced Helen Caron and Jeremy Osborne will join the UK board with immediate effect. Jeremy Osborne, digital director, has been appointed to board director of strategic innovation and business change, a newly created function designed to drive strategy and manage all business change activity.

TUI Group moves to consolidate under single brand

TUI Group moves to consolidate under single brand

The TUI Group launches its international ‘One Brand’ campaign today. By 2017, all major European tour operator brands will be rebranded with the TUI master brand. Today’s rebranding of the Dutch subsidiary Arke will mark the start of the process, with the rebranding of all travel agencies and the launch of the new TUI website.

Rosenberger appointed head of strategy at TUI Group

Rosenberger appointed head of strategy at TUI Group

Frank Rosenberger will take over as head of strategy of the TUI Group with effect from October 1st. In that role he will also be a member of the group executive committee of the TUI Group. The 47-year-old will move to Hanover from his current position at the Vodafone Group, where he served as group technology products and services director since 2011.

TUI Group reports robust results despite Tunisia tragedy

TUI Group reports robust results despite Tunisia tragedy

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.

Change at the top for TUI Germany as Clemens steps aside

Change at the top for TUI Germany as Clemens steps aside

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.

Long takes up leadership role with Royal Mail

Long takes up leadership role with Royal Mail

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 confirms demise of Thomson and First Choice

TUI Group confirms demise of Thomson and First Choice

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 appoints new managing director

TUI UK & Ireland appoints new managing director

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.