Tui News
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.
TUI losses double but demand picking up
Europe’s largest tour operator, TUI Travel, has reported a doubling of net quarterly losses to £124 million due to planned capacity reductions and tougher trading. But strong demand for holidays this summer has led to rising prices and an improved outlook.
TUI UK launch a new graduate leadership programme
While the job market has been tough for graduates over the last 12 months, TUI UK & Ireland, the parent company of Thomson and First Choice is bucking the trend by launching a new graduate development scheme.
Tui bucks recession to post profit
TUI Travel has bucked the global downturn and reported an 11% increase in underlying operating profit to £443m for the year ended 30 September 2009. Europe’s biggest tour operator’s revenues stayed the same at £13.8bn, while underlying earnings per share increased 17% to 23.8p.