News Headlines     |     
Nov
27

Email

Tui profits up 43%
Thursday November 27, 2008 - Email this article to a friend

Europe's biggest travel firm bucks the trend and reports rise in profits.

The group includes the skiing companies Thomson, Crystal and First Choice.  It has today reported a pre-tax profit for the year to Sept 30 of £319.7 million, compared with £222.8 million the year before.

The increase came as the Thomson parent group benefited from a strong performance in the UK and advantages from the recent merger with Frist Choice.

The UK and Ireland division saw underlying profits rise by £76.5 million to £132.9 million as loss-making scheduled flying was cut for last winter by 22% and 43% in summer while total charter capacity came down by 5% and 7% respectively. 

The group is seeing "encouraging" early sales for summer 2009 with UK charter averge selling prices up by 10%.

Capacity from the UK for next summer has been cut by 16%, with volumes down by 17% on selling pirces up by 10% year-on-year.

The company said it was continuing to focus on managing capacity "in anticipation of a weaker early booking environment".

Related Articles

WORLD SNOW DAY 2019 (Thursday April 18, 2019)
HANNIBAL RETURNS TO THE ALPS (Wednesday April 17, 2019)
VERBIER E-BIKE FESTIVAL (Monday April 15, 2019)
ANTI BREXIT DEMO IN FRENCH ALPS (Tuesday April 9, 2019)
BILLY MORGAN BACK IN BUSINESS (Friday April 5, 2019)
EUROPEAN GAY SKI WEEK 2019 (Friday February 22, 2019)


With thanks to our main sponsors...

Platinum partners

Bronze partners