Tui News
TUI Travel stock hit by results
Shares in TUI Travel have fallen sharply following the release of the travel giant’s third quarter results. Revenue fell to £3.4 billion as the growth in staycations and uncertainty over the impact of UK government cuts led to a slump in demand.
Tui launches Spanish version of Cheqqer
Tui Travel has launched the Spanish version of its holiday review and planning website Cheqqer. The company has also set up local operations to run the business.
Celebrity Mercury to become second ship in TUI Cruises fleet
Celebrity Cruises’ Celebrity Mercury will become the second ship in the fleet of TUI Cruises, a cruise brand established in 2008 through a joint venture between Royal Caribbean Cruises Ltd. and TUI AG, tailored for the German market.
Ash hits profits at TUI Travel
TUI Travel – Europe’s largest tour operator – has reported a widening of financial losses for the first half of 2010, partially driven by disruption caused by volcanic ash. Also reporting today, easyJet has revealed ash disruption will cost between £50m and £70m, forcing the low-cost carrier to reduce earnings expectations for 2010.
TUI Travel PLC Highlights Rising Demand For Active Holidays with Appointment of Dedicated PR Manager
TUI Travel’s Activity Sector has strengthened its PR team to best service the growing Adventure and Sport Divisions.
Ash crisis - the travel industry fights back
The travel and tourism industry has mounted an attack on the UK government’s handling of the ash crisis. The head of Europe’s largest tour operator, Tui, labelled the government’s response to the six-day crisis “shambolic”, whilst the Conservatives have called for a “rapid inquiry”.
TUI to raise £500m for acquisitions
TUI Travel has outlined plans to raise £500 million to fund acquisitions through the issue of a convertible bond and new banking facilities. The Crawley-based tour operator also confirmed trading was in line with expectations, despite the disruption caused by the Icelandic volcanic crisis.
Ash cloud costing TUI £6 million per day
The disruption due to the ash cloud has cost the travel group TUI £20m so far. Europe’s largest tour operator said about 100,000 of its customers remain stranded overseas due to the widespread closure of airspace across northern Europe since last Thursday. Estimated daily costs while the choas continues will run at approximately £5m- £6m.
Boeing Launches 787 GoldCare Service With TUI Travel PLC
The Boeing Company (NYSE: BA) today announced that TUI Travel PLC, the world’s leading leisure travel company, is the launch customer for GoldCare.
TUI expands into Russia with joint venture
TUI AG has confirmed it will move into the Russian travel market, as a part of a new $60 million joint venture with billionaire Alexei Mordashov. Operating under the TUI brand, the partnership seeks to control ten per cent of the market in three years, with 200 owned and franchised travel agencies planned.
TUI AG sees net losses narrow over first quarter
German travel and shipping group TUI AG has reported a narrowing in its net losses over the first quarter of its financial year. The firm – which owns Europe’s largest travel company, TUI Travel – saw net losses fall to €102.8 million in the three months to 31 December, compared with a figure of €155.1 million a year earlier.
Redknapps give Thomas Cook a summer lift
The success of a TV campaign featuring the former footballer Jamie Redknapp and his wife Louise, the former pop star, has helped lift Thomas Cook’s summer sales during the peak January booking period. Meanwhile pre-tax losses for the quarter ending 31 December narrowed to £81.5m from £112m year-on-year.