TUI swings to a profit on travel recovery TUI, the world's largest holiday company, said it planned to repay Covid-19 support through a capital raise next year after a strong summer helped it swing back into profit and it forecast a "solid" 2023. Business • 14 Dec 22
TUI swings to a profit on travel recovery TUI, the world's largest holiday company, said it planned to repay Covid-19 support through a capital raise next year after a strong summer helped it swing back into profit and it forecast a "solid" 2023. Business • 14 Dec 22
AerCap signs lease agreements with TUI for 3 aircraft Aviation lessor, AerCap has announced it has signed lease agreements with TUI Group for the lease of three Embraer E195-E2 aircraft which are scheduled to begin delivery from March through to May next year. Business • 20 Oct 22
AerCap signs lease agreements with TUI for 3 aircraft Aviation lessor, AerCap has announced it has signed lease agreements with TUI Group for the lease of three Embraer E195-E2 aircraft which are scheduled to begin delivery from March through to May next year. Business • 20 Oct 22
TUI says winter bookings at 78% of pre-pandemic levels Holiday group TUI has today stuck to its forecast of returning to profitability this year and said winter bookings stood at 78% of pre-pandemic levels. Business • 20 Sep 22
TUI says winter bookings at 78% of pre-pandemic levels Holiday group TUI has today stuck to its forecast of returning to profitability this year and said winter bookings stood at 78% of pre-pandemic levels. Business • 20 Sep 22
Teaching unions welcome 'overdue' return of allowance Secondary school teachers appointed since February 2012 are to see the value of a previously withdrawn allowance restored. Education • 05 Sep 22
Teaching unions welcome 'overdue' return of allowance Secondary school teachers appointed since February 2012 are to see the value of a previously withdrawn allowance restored. Education • 05 Sep 22
TUI says flight disruption costs weigh on Q3 results TUI, one of the world's largest tour operators, took a €75m hit in the third quarter from flight disruption across Europe, pushing it to a loss. Business • 10 Aug 22
TUI says flight disruption costs weigh on Q3 results TUI, one of the world's largest tour operators, took a €75m hit in the third quarter from flight disruption across Europe, pushing it to a loss. Business • 10 Aug 22
TUI says schedule unaffected by staff shortages Travel group TUI said today its flight schedule and plans for additional reserve planes at peak times remain unchanged despite staff shortages across the aviation industry. Business • 28 Jun 22
TUI says schedule unaffected by staff shortages Travel group TUI said today its flight schedule and plans for additional reserve planes at peak times remain unchanged despite staff shortages across the aviation industry. Business • 28 Jun 22
Holiday group TUI's CEO to step down TUI said today that Friedrich Joussen was stepping down as chief executive officer at the end of September after helming the world's largest holiday group for nearly a decade. Business • 24 Jun 22
Holiday group TUI's CEO to step down TUI said today that Friedrich Joussen was stepping down as chief executive officer at the end of September after helming the world's largest holiday group for nearly a decade. Business • 24 Jun 22
TUI announces share sale to pay back German bailout Holiday group TUI has unveiled a capital increase to pay back elements of a German state bailout that it had received during the peak of the Covid-19 pandemic. Business • 17 May 22
TUI announces share sale to pay back German bailout Holiday group TUI has unveiled a capital increase to pay back elements of a German state bailout that it had received during the peak of the Covid-19 pandemic. Business • 17 May 22
TUI expects bookings to rise towards 2019 levels TUI, the world's largest holiday company, is seeing a rise in holiday bookings towards pre-pandemic levels, the head of the group's German business told a newspaper. Business • 07 Mar 22
TUI expects bookings to rise towards 2019 levels TUI, the world's largest holiday company, is seeing a rise in holiday bookings towards pre-pandemic levels, the head of the group's German business told a newspaper. Business • 07 Mar 22
TUI says pent-up demand for holidays to steer recovery TUI's summer travel bookings were steadily approaching pre-Covid levels, the European holiday company said today, helping it return a portion of the German state aid it received to weather the pandemic fallout. Business • 08 Feb 22
TUI says pent-up demand for holidays to steer recovery TUI's summer travel bookings were steadily approaching pre-Covid levels, the European holiday company said today, helping it return a portion of the German state aid it received to weather the pandemic fallout. Business • 08 Feb 22
TUI expects travel to bounce back in summer 2022 TUI has today reported an operating loss of over €2 billion for its 2020-2021 financial year and said it may need to cut winter capacity as the Omicron coronavirus variant overshadows hopes of a rebound next summer. Business • 08 Dec 21
TUI expects travel to bounce back in summer 2022 TUI has today reported an operating loss of over €2 billion for its 2020-2021 financial year and said it may need to cut winter capacity as the Omicron coronavirus variant overshadows hopes of a rebound next summer. Business • 08 Dec 21
TUI says recovery underway as holiday bookings rise Holiday company TUI has said summer bookings jumped by 1.5 million since May, and it was confident in demand for the rest of its key season, helping to ease pressure on finances which have been hammered by the pandemic. Business • 12 Aug 21
TUI says recovery underway as holiday bookings rise Holiday company TUI has said summer bookings jumped by 1.5 million since May, and it was confident in demand for the rest of its key season, helping to ease pressure on finances which have been hammered by the pandemic. Business • 12 Aug 21
Holiday company TUI to raise up to €400m in bonds Holiday company TUI said today it was raising up to €400m through an issuance of convertible bonds, to improve its liquidity and help pay down debt taken on to survive the pandemic. Business • 09 Apr 21
Holiday company TUI to raise up to €400m in bonds Holiday company TUI said today it was raising up to €400m through an issuance of convertible bonds, to improve its liquidity and help pay down debt taken on to survive the pandemic. Business • 09 Apr 21
TUI trims its summer holiday capacity TUI touched the brakes on its summer holiday plans, lowering its capacity for July onwards to 75% of 2019's level from the previous level of 80%, as Europe's peak travel season hangs in the balance. Business • 25 Mar 21
TUI trims its summer holiday capacity TUI touched the brakes on its summer holiday plans, lowering its capacity for July onwards to 75% of 2019's level from the previous level of 80%, as Europe's peak travel season hangs in the balance. Business • 25 Mar 21
TUI to shut more shops in UK as travel crisis deepens Holiday company TUI said it would shut 48 retail stores across Britain, adding to the 166 it has already closed there during the pandemic. Business • 24 Mar 21
TUI to shut more shops in UK as travel crisis deepens Holiday company TUI said it would shut 48 retail stores across Britain, adding to the 166 it has already closed there during the pandemic. Business • 24 Mar 21
TUI sinks to €699m loss in Q1 on travel restrictions TUI Group, the world's biggest holiday company, needs a summer recovery to relieve pressure on its strained finances and is banking on vaccinated people going abroad in the peak months despite tightening travel restrictions. Business • 09 Feb 21
TUI sinks to €699m loss in Q1 on travel restrictions TUI Group, the world's biggest holiday company, needs a summer recovery to relieve pressure on its strained finances and is banking on vaccinated people going abroad in the peak months despite tightening travel restrictions. Business • 09 Feb 21
TUI posts annual loss of €3 billion on pandemic impact TUI Group has today posted an annual loss of €3 billion as the pandemic choked travel demand and finances of the world's biggest holiday group, forcing it to seek multiple bailouts from the German government. Business • 10 Dec 20
TUI posts annual loss of €3 billion on pandemic impact TUI Group has today posted an annual loss of €3 billion as the pandemic choked travel demand and finances of the world's biggest holiday group, forcing it to seek multiple bailouts from the German government. Business • 10 Dec 20
TUI secures third bailout amid Covid-19 travel slump TUI has secured a third bailout, striking a deal with the German government, private investors and banks for an extra €1.8 billion as the world's largest holiday company tries to ride out the coronavirus-linked travel slump. Business • 03 Dec 20
TUI secures third bailout amid Covid-19 travel slump TUI has secured a third bailout, striking a deal with the German government, private investors and banks for an extra €1.8 billion as the world's largest holiday company tries to ride out the coronavirus-linked travel slump. Business • 03 Dec 20
TUI examining all options to boost pandemic defences Travel group TUI is considering additional state aid, raising new equity and potential disposals to ride out the Covidv-19 pandemic, its chief executive said today. Business • 13 Nov 20
TUI examining all options to boost pandemic defences Travel group TUI is considering additional state aid, raising new equity and potential disposals to ride out the Covidv-19 pandemic, its chief executive said today. Business • 13 Nov 20
TUI in talks for extra state aid - sources Travel group TUI is in talks with the German government on an extra €1.5-1.8 billion in state aid as two bailouts from earlier this year have not been enough for company to cope with the coronavirus travel slump. Business • 11 Nov 20
TUI in talks for extra state aid - sources Travel group TUI is in talks with the German government on an extra €1.5-1.8 billion in state aid as two bailouts from earlier this year have not been enough for company to cope with the coronavirus travel slump. Business • 11 Nov 20
TUI reduces winter capacity, evaluates funding options Holiday company TUI said that it had reduced capacity for the coming winter season due to changing travel restrictions. Business • 22 Sep 20
TUI reduces winter capacity, evaluates funding options Holiday company TUI said that it had reduced capacity for the coming winter season due to changing travel restrictions. Business • 22 Sep 20
TUI plans capital increase, Germany could help - source TUI is planning a share sale to raise up to €1 billion, as the world's largest holiday company looks to ride out the coronavirus-linked travel slump, people close to the matter said. Business • 17 Sep 20
TUI plans capital increase, Germany could help - source TUI is planning a share sale to raise up to €1 billion, as the world's largest holiday company looks to ride out the coronavirus-linked travel slump, people close to the matter said. Business • 17 Sep 20
Pandemic pushes holiday company TUI to €1.1bn Q3 loss TUI, the world's largest tourism company, sunk to a €1.1 billion loss in its third quarter. Business • 13 Aug 20
Pandemic pushes holiday company TUI to €1.1bn Q3 loss TUI, the world's largest tourism company, sunk to a €1.1 billion loss in its third quarter. Business • 13 Aug 20
Travel company TUI to shut 166 stores in UK and Ireland Travel company TUI said it will shut 166 stores in the UK and Ireland in response to the downturn in travel caused by the coronavirus pandemic, in a move which could lead to some job losses. Business • 30 Jul 20
Travel company TUI to shut 166 stores in UK and Ireland Travel company TUI said it will shut 166 stores in the UK and Ireland in response to the downturn in travel caused by the coronavirus pandemic, in a move which could lead to some job losses. Business • 30 Jul 20
UK travel stocks plunge after quarantine move on Spain London-listed airlines and tour stocks fell sharply this morning as Britain imposed a two-week coronavirus quarantine on travellers returning from Spain and said it was watching cases in Germany and France closely. Business • 27 Jul 20
UK travel stocks plunge after quarantine move on Spain London-listed airlines and tour stocks fell sharply this morning as Britain imposed a two-week coronavirus quarantine on travellers returning from Spain and said it was watching cases in Germany and France closely. Business • 27 Jul 20
