TUI’s main shareholder Alexey Mordashov resigns following EU sanctions March 2, 2022 Russian billionaire Alexey Mordashov resigned today from travel firm TUI’s board after he became a target of the EU sanctions against Russia. Mordashov, a close friend of Vladimir Putin, has been TUI’s majority shareholder for around 15 years, owning 34 per cent stake of the company. The remaining 66 per cent is owned by several [...]
TUI eyes glorious summer ahead as holiday bookings mount November 22, 2021 Travel giant TUI has announced above-average booking growth driven by a flurry of holiday bookings for next summer.
Travel giant Tui plans £936m cash call to cut debts as bookings pick up October 6, 2021 Travel giant Tui said this morning it is planning a £936m cash call to cut debts as it said bookings were bouncing back thanks to the relaxation of travel restrictions. The group said the fundraising will help boost its balance sheet and allow it to repay emergency Government loans. In an update alongside the cash raise, Tui [...]
Outrage among holidaymakers as Tui cancels flights to Spain, Italy, Slovenia and Turkey August 17, 2021 Travel firm Tui has cancelled holidays to hotspot European destinations and beyond as coronavirus restrictions continue. The holiday firm will not offer Tui flights to Malta and certain parts of Italy – Sardinia, Sicily and Calabria – or holidays in Almeria and Girona in Spain until at least 31 October. Flights and packages for holidays [...]
IAG and Easyjet lead fall in travel shares as Spain and Portugal introduce quarantine for unvaccinated Brits June 28, 2021 Airline stocks including BA owner IAG, Easyjet, and Ryanair all tumbled today as more European countries imposed travel restrictions on UK holidaymakers. FTSE 100 IAG was down 5.8 per cent by the mid afternoon, while budget carrier Easyjet also dropped 5.0 per cent. Fellow blue-chip Rolls-Royce, which makes the engines used by most commercial jets, [...]
Tui joins BA and Virgin Atlantic in Ryanair’s legal battle against travel traffic light system June 22, 2021 Tui joins BA and Virgin Atlantic in Ryanair's legal battle against travel traffic light system
Tui sells minority take in Riu Hotels for €540m May 27, 2021 Holiday giant Tui said this evening that it had agreed to sell its 49 per cent stake in Spain’s Riu Hotels SA to co-owner Riu-Group for €540m (£463.8m). The deal gives the joint venture, which comprises of 21 properties, an enterprise value of €1.5bn. The Anglo-German firm said that its separate 50/50 hotel management joint [...]
Tui’s half year revenues drop by nearly €6bn but summer holiday bookings surged in April May 12, 2021 Travel giant Tui took in €700m in sales in the half year to 31 March, down from €6.6bn the year prior, as borders remained closed, and summer holidays looked in doubt as destinations were lockdown. Shares in Tui slumped 3.3 per cent to 413p per share this morning. However, the travel company has since seen a slight [...]
Tui offers £20 Covid tests for British holidaymakers May 6, 2021 Tui will offer British holidaymakers cut-price Covid tests following the government’s announcement earlier this week that vaccine passports would not be ready in time for the resumption of international travel. The British airline said it would slash the cost of mandatory PCR tests for travellers returning to the UK to £20 under new plans to [...]
Airline shares jump on hopes of Europe-US travel by the summer April 26, 2021 Airline shares jumped today on the back of hopes that travel between the EU and US would open up again this summer. Over the weekend, European Commission President Ursula von der Leyen said that all US citizens who had been vaccinated should be able to travel to Europe by the summer. Her comments sent shares [...]