United Kingdom
United States
Asia Pacific
See TUI’s pre-close trading update
TUI Travel said it remains “satisfied” with its performance in its pre-close trading update today.
"Trading continues in line with our expectations and we remain satisfied with our trading performance across all open seasons,” said chief executive Peter Long.
“As we near the end of the current season, we are pleased that the Summer 2009 lates market has traded well showing that holiday demand and supply have been in balance, despite the later booking trends experienced.
TUI said its Summer 2009 programmes are now almost fully sold.
“Trading in the lates market has remained solid and we continue to achieve required load factors and pricing levels, as we benefit from capacity planning which has been in line with demand,” it said.
Winter 2009/10 booking volumes remain lower than last year, with capacity adjusted to align supply and demand.
“Again, we are employing cautious capacity planning for this season to ensure that demand and supply are in balance and have retained significant flexibility to adjust capacity further to reflect any changes in the demand pattern.”
The update said trading in the UK and Nordics source markets is in line with TUI’s last trading statement.
“Booking volumes have improved in recent weeks versus the cumulative position, reflecting similar trends to those seen in Winter 2008/09 and Summer 2009.
“Capacity reductions mean that we now have 12% fewer holidays left to sell in the UK."
Early bookings in the UK for Summer 2010 are in line with prior year, with average selling prices up 4%.
“We remain pleased with early trading in the UK, which is the only source market that has launched.
“Bookings for the Summer 2010 programme continue to be in line with the prior year and the average selling price is 4% higher. The load factor is now 12%, which is in line with last year.”
Looking forward, TUI confirmed its commitment to Boeing 787 Dreamliner but said it has cancelled 10 of the 23 787 aircraft on order, whilst adding purchase rights, with no obligation, for a further 13 787 aircraft.
“This optimises the flexibility around our long haul capacity and we expect to receive delivery of the first 787 aircraft in early 2012,” it said.
By Bev Fearis
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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