TUI Group was under pressure in Q1 due to the grounded 737Max and unfavourable FX. Now the group sees a very supportive summer trading, despite 737Max’s prolonged grounding, benefiting from the bankruptcy of Thomas Cook and the boosted demand for travel in Europe following the coronavirus outbreak in Asia.
11 Feb 2020
Strong summer trading expected despite continued impact from 737Max
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Strong summer trading expected despite continued impact from 737Max
TUI AG (TUI:LON) | 598 140.6 4.1% | Mkt Cap: 3,036m
- Published:
11 Feb 2020 -
Author:
Yi Zhong -
Pages:
3
TUI Group was under pressure in Q1 due to the grounded 737Max and unfavourable FX. Now the group sees a very supportive summer trading, despite 737Max’s prolonged grounding, benefiting from the bankruptcy of Thomas Cook and the boosted demand for travel in Europe following the coronavirus outbreak in Asia.