TUI hit by Tunisia unrest but sales for summer rise
Friday 28 January 2011
TUI Travel, the owner of holidays brands including Thomson and First Choice, said the heavy snowfall in Britain and civil unrest in Tunisia had hit its recent bookings but said reservations for this summer were "encouraging". The tour operator, which is controlled by its German parent, TUI AG, also said its underlying operating losses had risen by £20m in the first quarter from a £107m loss a year ago.
Following the Government's advice to UK citizens not to travel to Tunisia, TUI has cancelled flights to the country since 15 January. In a trading statement to coincide with an investor day, TUI said UK bookings for winter 2010-11 were down by 1 per cent since its last trading statement in December.
But it said cumulative bookings for its key markets, including Britain and the Nordic countries, for this summer were up by between 8 per cent and 16 per cent as of 16 January. It hopes to make cost savings of £60m by 2013.
- 2 Raif Badawi, the Saudi Arabian blogger sentenced to 1,000 lashes, may now face the death penalty
- 3 PornHub turns masturbation into energy in bid to save the planet
- 4 Robert Mugabe eats a zoo for 'obscene' 91st birthday party
Michelle Rodriguez: Fast & Furious actor apologises after telling 'minorities' to stop taking on 'white' roles
Boris Nemtsov shot dead: Putin critic may have been murdered by Islamic extremists, says president-led committee
British are sexually uptight, dirty and drink too much – according to Spanish book
Raif Badawi, the Saudi Arabian blogger sentenced to 1,000 lashes, may now face the death penalty
PornHub turns masturbation into energy in bid to save the planet
New theory could prove how life began and disprove God
This is what it's like to be dead, according to a guy who died for a bit
'Cash for access' scandal: Sir Malcolm Rifkind says 'unrealistic' for MPs to live on £67,000 salary
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Ukip would cut billions from Scottish budget to fund English tax cuts
Russia's roadmap for annexing eastern Ukraine 'leaked from Vladimir Putin's office'
iJobs Money & Business
£40000 - £50000 per annum + pro rata: SThree: SThree Group have been well esta...
£30000 - £37000 per annum: Recruitment Genius: Established in 1999, a highly r...
£250-£300 Day Rate: Jemma Gent: Are you a qualified accountant with strong exp...
£230 - £260 Day Rate: Jemma Gent: Do you want to stamp your footprint in histo...