Tui’s half year revenues drop by nearly €6bn but summer holiday bookings surged in April May 12, 2021 Travel giant Tui took in €700m in sales in the half year to 31 March, down from €6.6bn the year prior, as borders remained closed, and summer holidays looked in doubt as destinations were lockdown. Shares in Tui slumped 3.3 per cent to 413p per share this morning. However, the travel company has since seen a slight [...]
Tui offers £20 Covid tests for British holidaymakers May 6, 2021 Tui will offer British holidaymakers cut-price Covid tests following the government’s announcement earlier this week that vaccine passports would not be ready in time for the resumption of international travel. The British airline said it would slash the cost of mandatory PCR tests for travellers returning to the UK to £20 under new plans to [...]
Airline shares jump on hopes of Europe-US travel by the summer April 26, 2021 Airline shares jumped today on the back of hopes that travel between the EU and US would open up again this summer. Over the weekend, European Commission President Ursula von der Leyen said that all US citizens who had been vaccinated should be able to travel to Europe by the summer. Her comments sent shares [...]
Tui to raise €350m from bond issue ahead of critical summer April 9, 2021 Holiday giant Tui today announced that it would raise €350m (£303.7m) through a bond issue as the quest to bolster its coronavirus-battered finances continues. The Anglo-German giant has already been on the receiving end of three bailouts from the German government, totalling €4.8bn. The offer of senior unsecured bonds, due in 2028, can be increased [...]
IT weight mix-up leads to ‘serious incident’ on Tui flight April 8, 2021 A flaw in one of its IT systems saw a Tui flight take off with the wrong weight calculations after female passengers using the title “Miss” were registered as children. The error, which took place on a flight from Birmingham Airport to Majorca on 21 July last year has been labelled a “serious incident” by [...]
Breaking: TUI to shut 48 more high street stores across Britain March 23, 2021 Travel giant TUI confirmed this evening that it is planning to close 48 more of its retail stores across the UK. Britain’s biggest tour operator said the travel industry and the high street “are both facing unprecedented pressure” due to the coronavirus pandemic. All 273 employees affected by the decision will be offered new roles [...]
FTSE reshuffle: Who’s in and who’s out of London’s blue-chip index? March 3, 2021 FTSE reshuffle: Who's in and who's now out of London's blue-chip index?
Airline shares tumble as hotel quarantine spells travel chaos until Easter February 9, 2021 Shares in the UK’s largest airlines tumbled more than three per cent this afternoon as the health secretary’s announcement of new hotel quarantine measures spelt prolonged chaos for the travel industry. Easyjet shares fell more than 4.5 per cent to 788p, while Tui shed 4 per cent and British Airways owner IAG dropped 3.3 per [...]
TUI expects summer boost after pandemic pushes holiday giant into ‘fragile’ position February 9, 2021 The world’s biggest holiday company has announced a €699m loss during its first financial quarter as lockdowns severely limited demand for fights over the festive period. The results signal a difficult year for TUI, whose operations have been battered by the coronavirus pandemic. Cautious optimism Despite the challenges, the group remains confident in a strong [...]
Airline, hotel and travel shares slump on summer holiday warnings and UK quarantine rumours January 22, 2021 Shares in airline, hotel and travel companies have sunk today, after UK Government ministers poured cold water on summer holidays being back to normal this year.