United Kingdom
United States
Asia Pacific
TUI misses profit over €75m travel disruption costs
TUI took a €75 million hit from disruptions in air travel during the last quarter.
Without these additional costs it was ‘clearly in the profit zone,’ it said.
A €27 million loss in underlying earnings included the impact additional costs for air traffic disruption, notably in for UK.
It carried 5.1 million travellers in the third quarter with turnover up to €4.43 billion
“Our business performed well in the third quarter – despite the operational challenges in the European tourism sector. This shows the strength of the TUI brand and high demand for holidays,” said CEO designate Sebastian Ebel.
TUI says 90% of summer 2019 booking levels were achieved and free cash flow increased to €1.2 billion
“We want to offer TUI’s high standards of quality and service, despite the difficult environment. We continue to expect a strong travel summer 2022 with capacity close to pre-crisis levels,” Ebel added.
The near breakeven result was aided by strong performance in holiday experiences, cruises and TUI Musement.
Ray Monty
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Boy falls to death on cruise ship
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Unexpected wave rocks cruise ship
Woman dies after going overboard in English Channel