-Supervisory Board expresses its thanks to Fritz Joussen: He rescued TUI twice in difficult situation, made merger a success and led hotel and cruise business to current strength -New CEO takes over Group management at the beginning of the new financial year on 1 October -Mathias Kiep becomes Chief Financial Officer as of 1 October […]
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TUI continues to execute its goal of rapidly deleveraging the Group, reducing interest costs and further reducing Corona state aid. The Corona state aid received in the pandemic is to be returned as quickly as possible and in sequence. TUI’s Executive Board and Supervisory Board have therefore today resolved to launch a capital increase against […]
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Just in time for the start of the summer season, Cyprus is getting a new flying ambassador. Larnaca, the most important region of Cyprus for TUI vacationers from all over the world, is the namesake for TUI fly’s new Boeing 737-8. In Cyprus today, the aircraft with flight number X3 4564 was greeted with water […]
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TUI is well positioned for the post-Corona period and expects a stable business development for 2022, especially for the main months of the summer season. As announced and agreed, TUI is also returning the first part of the credit lines provided during the pandemic on 1 April 2022. The financial resources made available by the […]
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TUI AG has terminated the brand use agreement with TUI Russia. TUI Russia is not a company of the TUI Group. The last shares in TUI Russia were sold by the Hanover Group in 2021. The existing brand license agreement allows TUI Russia to use the TUI brand in various countries, including Russia, Ukraine, Belarus, […]
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Revenue in Q1 2022 at 2.37 billion euros, five times higher than in the previous year (Q1 2021: 468 million euros) 2.3 million guests travelled with TUI in the period under review – more than four times as many guests as in the comparable quarter of the previous year (previous year: 0.5 million) Liquidity also […]
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TUI has taken another step out of the crisis with an almost balanced fourth financial quarter of 2021. Due to the successful resumption of the tourism business, TUI is close to reaching break-even in terms of underlying EBIT at -97 million euros in Q4 2021. TUI Hotels & Resorts, an important and high earning division […]
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TUI Group resolved a 1.1 billion euros capital increase to strengthen the balance sheet / Drawings under the KfW Facility reduced to zero / After transformation and restart, focus on refinancing and reducing the use of government loans / Positive booking update for Q4: 5.2 million bookings in Summer 2021, significant increase in the high […]
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The TUI Group has successfully completed the sale of its minority stake in a property portfolio to the Riu family. The portfolio which was previously held jointly between TUI and RIU consists of 21 properties, comprising 19 existing buildings and two in development. The divestment only includes the ownership of these properties. The operation and […]
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TUI has liquid funds amounting to 2.5 billion euros2 Global reorientation measures accelerated and cost target raised: annual savings of 400 million euros announced Demand for travel is rising: 50 per cent of the programme for May 2021 already booked Summer 2021: average prices +14 percent – bookings 3 percent higher than for summer 2019 […]
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