TUI has announced this morning that the closing of its summer trading is coming out in line with expectations, supported by the solid performance in both Hotels and Cruises, along with the significantly improved summer bookings. Therefore, the group has reiterated its FY19 EBITA guidance. Although we believe that TCG’s collapse could benefit TUI and certain European short-haul airlines, the collapse has also sounded the alarm bell for the entire traditional travel services industry.
24 Sep 2019
Reassuring trading update after TCG’s collapse
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Reassuring trading update after TCG’s collapse
TUI AG (TUI:LON) | 598 140.6 4.1% | Mkt Cap: 3,036m
- Published:
24 Sep 2019 -
Author:
Jie Zhang -
Pages:
3
TUI has announced this morning that the closing of its summer trading is coming out in line with expectations, supported by the solid performance in both Hotels and Cruises, along with the significantly improved summer bookings. Therefore, the group has reiterated its FY19 EBITA guidance. Although we believe that TCG’s collapse could benefit TUI and certain European short-haul airlines, the collapse has also sounded the alarm bell for the entire traditional travel services industry.