TUI Group has announced cutting 8,000 jobs in an effort to reduce costs amid the coronavirus crisis, even as stocks plummet farther.
This week in Greece, citizens are emerging from a weeks long lockdown. Meanwhile, TUI and other big travel businesses push ahead hard.
In news from TUI Group, the company reports good financials for the start of 2017, with some loss from 2016. According to TUI, underlying EBITA rose by 17 per cent to a loss of €66.7 million in the period from October to December 2016, which was an improvement over the previous year.
TUI AG, one of the world’s most successful and well known travel tour groups, has just announced their Half Year Financial report. Furthermore, TUI’s CEO, Fritz Joussen now says his company is well positioned for growth. With Europe rapidly becoming a stagnant market over east vs west tensions, just how solid are TUI or any other big tour company’s projections?