All TUIfly articles
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NewsTUI back in profit and confident hotter summers create opportunities
TUI Group has reported its first fiscal third-quarter profit since the Covid-19 pandemic, supported by strong demand and high prices in a European peak travel season that has since been marked by heatwaves and widespread coverage of wildfires in Rhodes
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NewsTUI retains full-year profit hopes after strong bookings start to 2023
European travel firm TUI Group is reporting a strong start to the calendar year for bookings in it’s Markets & Airlines division as it reiterated its group guidance for a significant improvement in underlying EBIT for the year to 30 October 2023.
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NewsTUI ends ‘two years of misery’ as summer revenue hits pre-Covid level
TUI Group expects its summer 2022 capacity to be close to “normalised 2019 summer levels” as demand returns in key markets, driving a return to full-year profitability.
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NewsTUI expects summer 2022 demand to be near pre-Covid levels
European leisure group TUI expects its summer 2022 demand to be close to pre-crisis levels as the Covid-19 recovery gathers momentum in key markets.
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NewsTUI cuts summer capacity to 60% as UK restrictions weigh on demand
The European leisure giant had in May suggested that it expected to operate 75% of pre-crisis capacity from July onwards.
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NewsTUI Group to consolidate management of airlines
Travel group TUI plans to amalgamate its five individual airlines under a single leadership, bundling key functions together in order to streamline operations.
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NewsTUI sees vaccine roll-out key to sparking summer travel
Travel firm TUI Group is taking encouragement that a rapid roll-out of vaccines will help fuel a return to travel even as its latest quarterly results showed the company continuing to be hammered by the Covid-19 pandemic.
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NewsEC clears Germany to provide TUI with up to €1.25 billion
Germany’s plan to contribute up to €1.25 billion ($1.53 billion) to TUI’s recapitalisation has been approved by the European Commission, which says the Hannover-headquartered group is facing “a risk of default and insolvency”. The state recapitalisation includes a €420 million silent participation, convertible into shares, by German government fund WSF, ...
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Airline BusinessHow many jobs have Europe’s airlines cut in 2020?
Tens of thousands of jobs have been lost in Europe’s airline sector since the crisis began, as carriers seek to reduce cash burn and ‘right-size’ for the eventual recovery in demand.
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NewsPandemic pushes TUI to €3 billion full-year loss
European travel operator TUI Group has reported a full-year EBIT loss of €3 billion ($3.6 billion), but is confident that 2021 will be a “transition year” for tourism with pre-pandemic levels expected to return in 2022.
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NewsTUI secures third government bailout since April
TUI is set to receive a €1.8 billion ($2.2 billion) financial support package from German government fund WSF, largest shareholder Unifirm and a consortium of banks, aimed at securing the tourist group’s operation amid the coronavirus crisis.
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NewsUnion conflict erupts at TUIfly over restructuring plan
Management at German leisure carrier TUIfly and pilot union Vereinigung Cockpit are blaming each other for a breakdown in talks about restructuring measures amid the air transport crisis.
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NewsTUI brings down winter capacity as short-term booking trend persists
Leisure company TUI Group has further cut its winter capacity, to around the 40% level, as it laments the uncertainty over travel restrictions to which it attributes a persistent trend for short-term bookings. TUI had stated in August that it was reducing capacity for the winter 2020-21 season by 40%. ...
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NewsTUI revenues all but wiped out for June quarter
European travel operator TUI Group incurred an operating loss of €1.1 billion ($1.3 billion) for the three months ending 30 June 2020 as revenues were down more than 98% on the same quarter last year.
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NewsTUIfly returns more than half its 737s to service
German leisure carrier TUIfly has reactivated more than half of its fleet since restarting regular flights on 15 June.
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NewsTUI adopts ‘partner-friendly’ airline strategy amid Condor speculation
TUI Group’s ambition to have fewer assets on its balance sheet means its airline operations will become more “partner-friendly”, according to the European travel giant’s chief executive. Speaking to German newspaper Borsen-Zeitung on 5 August, Fritz Joussen states that TUI’s need for capacity does not mean “that aircraft are on ...
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NewsTUIfly set for difficult talks as it bids to halve fleet
German leisure operator TUIfly is to embark on union discussions to reduce the airline’s fleet, pointing out that over-capacity meant it was unable to achieve adequate load factors even before the coronavirus crisis. TUIfly is intending to halve its fleet of 39 aircraft, cutting crew, technical and administrative positions. But ...
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NewsTUIfly plans job and fleet cuts: union
German leisure carrier TUIfly intends to cut around 700 jobs and approximately halve its fleet in response to the coronavirus crisis, according to pilot union Vereinigung Cockpit.
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NewsTUI rejigs 737 Max deliveries as part of compensation deal
Leisure giant TUI Group is has rejigged Boeing 737 Max deliveries to reduce the intake over the next few years, under a broad agreement with the airframer to compensate for the type’s grounding. TUI Group says it has revised the delivery schedule for the 61 Max jets on order, postponing ...
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Airline BusinessTUI aviation chief on 737 Max and Thomas Cook
For the chief executive of aviation at European leisure group TUI, seeing competitor Thomas Cook exit the market earlier this year was a double-edged sword.