TUI Group is seeing its first near-breakeven quarterly result since the onset of Covid-19, expecting strong demand for travel to generate positive results full year.
TUI Group said that sanctions on the company’s shareholder, Russian billionaire Alexey Mordashov, as a result of the Russia-Ukraine crisis, will have no lasting impact on business.
TUI is betting on speedy vaccination rollouts to enable travel soon, adding that it expects UK holidaymakers to be able to visit Greece as soon as April.
TUI AG has signed a state-aid bridging loan for 1.8 billion euros with the KfW, Germany’s state-owned development bank, to cushion the unprecedented effects of the Covid-19 pandemic.
Etihad Aviation Group and TUI AG have confirmed they are in discussions to create a strong European leisure airline group, focused on point-to-point flying to connect key tourist markets.
TUI Group has launched a new five-year sustainability strategy named “Better Holidays, Better World”. The ambitious 2020 strategy is built around three core pillars to help shape the future of sustainable tourism.
Following the merger of TUI Travel PLC and TUI AG, TUI Travel Accommodation & Destinations announced earlier this month that it will be called Hotelbeds Group.
British tour operator TUI Travel and its German parent company TUI AG are now one company following an agreement in September on the terms of a 6.5 billion euros merger.
