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?
Two sides of the economics of air travel coin exists, in case anyone has failed to notice. For every Ryanair win, there are at least two air-carrier failures out there. Kingfisher Airlines (KING.NS) has just announced a record loss for the second quarter. With an imminent crash in the wind, onlookers have to offer sympathy for such beleaguered businesses.
Already this week, travel news seems a bit on the up-and-up with positive looks at WTM London, as well as great financial news from players like Priceline. I know we are thinking; “Is tourism coming out of the woods here? Regardless, here’s some positive news bits.