TUI News Page 11
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.
TUI Travel cuts Boeing deal to boost finances
U.K. holiday company TUI Travel has announced measures to help it refinance a £900 million pound shareholder loan which include cancelling ten of the 23 orders it has with Boeing for its 787 Dreamliner.
TUI Travel UK to increase its apprenticeship programme by 50% for 2010
On the day that Gordon Brown promised to “encourage a whole new generation of young Britons to embrace ambition and British enterprise”, TUI Travel UK & Ireland (TUI UK), parent company of Thomson and First Choice, has reaffirmed its pledge to create 500 new apprenticeship places for young people in 2010.
Late bookings flurry boost Tui profits 57%
A surge in late booking by UK holidaymakers has helped profits of Tui Travel rise 57% to £102m in the quarter ending June. Receding fears over swine flu, including a flurry of bookings to Mexico, also contributed to figures that remain on target for the financial year ending 30 September.
Tui to shore up Hapag Lloyd
Tui has agreed in principle to meet part of the financial assistance to beleaguered shipping company Hapag Lloyd, which is partly sold off in March.
Thomson Sport partners World Sport Destination Expo
World Sport Destination Expo, “The Global Market Place for Sport Tourism”, has appointed the world leader in sports travel, Thomson Sport, as its Official Travel Partner.Thomson Sport, the specialist division of travel giant TUI, will be responsible for organising travel, accommodation and additional services for officials and delegates attending the ground-breaking sport tourism exhibition, which takes place during FIFA 2010 in the Official Host City, Johannesburg, 5-9 July 2010.