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
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
France prepares for a massive strike across all transports on September 18
Turkish tourism stalls due to soaring prices for accommodation and food
CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt