Company
TUI AG
LON:TUI
TUI Travel, now assimilated into its German parent company, TUI Group, has become one of the world’s leading international leisure travel groups operating in over 180 countries with more than 30 million customers in 25 source markets.
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FTSE 100 Live: Stocks climb but chunky write-down hurts BAT
At the close, London's blue-chip index was up 25.54 points, 0.3%, at 7,515.38 while the FTSE 250 jumped 179.20 points, 1.0%, at 18,666.73
TUI expects late holiday rush as people seek cooler destinations
Belgium and the Netherlands could be new Greece and Turkey, says tour operator
Tourist taxes and Chinese travel drought hit London where it hurts
‘It pains me to see our great city like this’ says M&S head Machin
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FTSE 100 ends the week barely above 7,400 amid banking sector contagion fears
The FTSE 100 ended off the days lows but still 1.3% weaker at 7,405
TUI tumbles as it confirms rights issue to pay off bailout cash
“We have surmounted the existential crisis, it’s behind us,”
TUI highlights an increase in holiday budgets as it signals a return to profit
Chief executive officer Fritz Joussen said, “The trend has been towards higher value or longer holidays with a higher overall holiday budget.”
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TUI expects 'significant' earnings advance on top-line growth
TUI also expects Winter 2022/23 bookings to be close to pre-pandemic levels, currently standing at 78% of Winter 2018/19 levels with average selling prices 26% higher
TUI summer bookings close to pre-pandemic levels but Q3 hit by travel chaos
The travel company forked out €75mln to deal with flight disruptions
TUI drops as CEO steps down
The FTSE 100-listed travel group said it expects to climb back into the black this year as the travel market continues to recover from the COVID-19 pandemic
Consumer rights expert calls out airlines over May travel chaos
Sue Davies, the head of consumer rights at consumer group Which?, believes the airlines underestimated the capacity issues
TUI cancels a quarter of Manchester flights as half-term misery continues
On Tuesday, lines of people waiting were again forming out of terminal buildings at regional airports
TUI sees return to profit this year as travel market rebounds
In the UK, bookings for summer 2022 are up 11% versus pre-pandemic summer 2019
TUI expects summer to be 'close' to pre-pandemic levels
Summer bookings are around 72% of 2019 levels but picking up in areas where restrictions have been lifted
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FIVE at FIVE: Tech shake-out no issue for Scottish Mortgage, Shell laments court ruling, Pubs rejoice as workers set to return, and IAG shares down while competitors are up..
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Jet2 and TUI see spike in French bookings as travel restrictions are loosened
Is it the start of a slippery slope? Well, yes, it is if you have booked a skiing holiday
TUI: The buyers yet to emerge from the woodwork after the latest mixed update from the travel group
Of the 14 banks and brokers covering TUI, seven are negative on the stock. Only two say ‘buy’ with the remainder sitting on the fence. The consensus price target is 285p
TUI warns of omicron hit to winter bookings as FY losses narrow
The travel group predicted that holiday bookings for next summer will return to near pre-COVID-19 levels
TUI most at risk from omicron suggests Deutsche Bank but Compass oversold
Airline restrictions branded 'completely ineffective' by former British Airways boss
TUI target price slashed by Deutsche Bank after latest fund raise
The new target is 245p, against 335p previously to reflect the dilution
TUI launches €1.1bn rights issue as holiday bookings rise
Bookings for summer 2021 totalled 5.2mln, an increase of 1.1mln since the travel group's third-quarter update
TUI to post bigger loss than forecast predicts Deutsche Bank
After talking with the company, DB said it has lowered its estimate for Q4'21 business levels
Holidaymakers warned prices to rise next year as demand takes off
Alternative to PCR test being trialled by University of Birmingham
TUI sees pent-up demand but summer bookings still well below 2019 levels
People are booking more holidays as restrictions ease but the market remains subdued
TUI and Entain in Thursday’s spotlight as investors eye rebound from Covid chaos
The package holiday firm and global gambling group are among the most notable names in the diary for Thursday.
COVID-19 could cost world economy trillions in lost tourism revenue, UN report says
The UN's Conference on Trade and Development said the global economy lost US$2.4 trillion in GDP in 2020 alone as the pandemic, lockdown and travel restrictions caused tourism demand to collapse
Travel industry holds breath ahead of Thursday’s green list update
Ministers are expected to announce only a “handful” of changes to the traffic light system
Portugal holidays on again as entry requirements eased
Portugal is talking to the European Commission about how it can safely allow travel
Travel sector warned again about refunds as holidays set to resume
The travel group was one of 100 companies sent an open letter by the Competition and Markets Authority (CMA)
TUI to use larger planes after rush for holidays in Portugal
Summer 2021 prices are up by 22% on average said the FTSE 250 group
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Travel in focus on Wednesday as TUI and National Express update the market
The macro diary will also be in focus with both UK GDP and US inflation data likely to draw investor attention
Green light scheme criticised by airlines again as TUI chops Covid test to £20
The UK government will announce the categories in which countries are rated tomorrow
Travel stocks on the rise in anticipation of UK government’s green list for international travel
Tourism in the EU and the US may also be about to restart
Airlines take off as UK unveils details on COVID-19 passport for international travel
The government will soon reveal what countries have made it on the 'green' list for quarantine measures
Tour operator TUI taps debt market for additional liquidity as it launches €350- €400mln convertible
The coupon will pay 4.5-5% per year twice annually
Heathrow Airport posts £2bn loss as it pins hopes on next week’s budget announcement
The airport doesn't expect to recover until long haul passenger flights can resume
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FTSE 100 closes ahead as Wall Street rises and oil reaches new highs
UK blue chip index benefits from gains by BP and Royal Dutch Shell as oil price moves higher
Analysts look for bounce back value after lockdown exit announcement
Brokers have selected recovery stocks expected to benefit from the easing of restrictions
UK to announce tougher testing on travellers as TUI reliance on last-minute bookings proves industry struggles
The travel industry isn't recovering as quickly as hoped, with consumers still waiting to make summer bookings
TUI pinning its hopes on vaccine roll-out as summer bookings run 44% lower than summer 2019
Quarterly revenues plummeted in the October - December period but TUI has seen a sharp month-on-month increase in bookings
Investments and investor services
Markets hold up well despite new lockdown restrictions but losers will continue losing
Stocks were already pricing in the closures after a sell-off on Monday
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FTSE 100 closes in green as vaccine roll-out optimism trumps strict lockdown woes
The UK index of leading shares closed up around 40 points at 6,612
LoveHolidays told to pay £18mln of refunds for trips cancelled due to coronavirus
Loveholidays resigned from trade body ABTA earlier this year in a disagreement over who was eligible for refunds
TUI racks up €3bn loss and sees no recovery until 2022
The Germany-based travel operator said it has reduced its winter capacity again
TUI agrees new €1.8bn rescue package including big rights issue
TUI will have pro-forma financial resources and credit facilities of €2.5bn
TUI set for third German bail-out as COVID-19 struggles continue
Germany’s WSF economic stabilisation fund will take a stake in package holiday and airline group
TUI, easyJet, Jet2 rejoice after UK drops quarantine for Canary Islands, Mykonos
Carnival also perked up after reports cruises may be allowed to restart in the US next month
TUI mulls equity raise but well below €1bn
The travel firm responded to press speculations indicating an equity raise of €1-1.5bn
TUI takes 1.4mln customers on holiday during summer
The travel company said it is going ahead with a savings programme to cut its overhead cost base by 30%, hitting 8,000 roles globally
TUI to pay all outstanding refunds by September after competition watchdog investigation
The Competition and Markets Authority received thousands of complaints from customers
Thomas Cook owner plans brand relaunch as travel sector flounders amid pandemic fallout
Chinese conglomerate Fosun, which bought the Thomas Cook brand following its collapse last year, is reportedly expected to announce the relaunch imminently
Travel companies lurch lower after UK adds France to coronavirus quarantine list
France, Monaco, Malta, the Netherlands, Turks and Caicos and Aruba will all join Spain on the UK's quarantine list
TUI says rights issue an option after turnover tanks due to coronavirus
“2021 will be a year of transition and we expect a normalised level of business from 2022,” the company said
TUI bags second rescue package from German government
The loans come with restrictions, such as restraints on dividends, share buy-backs, investments in other companies and the remuneration for board members
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TUI, National Express, GVC set to provide post-lockdown trading updates on Thursday
Thursday will provide the market with a few more insights into the post lockdown trading period.
TUI completes US$226mln sale and leaseback for five new Boeing aircraft
The deal is part of the travel company’s re-fleeting programme
TUI to shut 166 stores in UK and Ireland as COVID-19 keeps customers at home
Some 630 of the 900 staff attached to the closing stores will move to home-working sales or customer service roles.
TUI cancels holidays to Balearic and Canary Islands until next Tuesday as UK's Spanish quarantine batters travel firms
Rival package holiday operator Jet2 has also cancelled holidays to the islands until August 10
TUI liquidity risks abate for Barclays to hike share price target
“Longer term, we are cautious on TUI’s cash generation profile, particularly in the interim uncertain C-19 world, and debt level,” the analysts said
TUI trims payments and deliveries of Boeing 737 MAX planes over two years
As part of the deal, the aircraft manufacturer will provide compensation and credits for some future deliveries
TUI downgraded to ‘sell’ by Berenberg over potentially unsustainable debt levels
The travel agent's debt could reach €7.5bn, according to analysts, even if the Hapag-Lloyd disposal goes ahead