TUI Group: Successful resumption of travel activities from all markets
TUI has successfully resumed its travel activities in all European markets. In mid-June, TUI was the first travel company to bring German guests to Majorca in a pilot project. Due to the increased hygiene and safety measures in aircraft, transfers and in TUI's hotels and clubs in the destinations, the restart from Germany was successfully implemented. After the official end of the travel warnings for most European destinations, holidays were also launched in the remaining TUI markets at the beginning of July. In addition to the Balearic Islands, Greece and the Greek Islands in particular are an important and major holiday destination for TUI and its guests. In July, more than half a million customers across Europe travelled with TUI on their summer holidays. Furthermore, demand for holidays remains very high: since the resumption of travel activities, 1.7 million new bookings have been received Group-wide. Bookings for summer 2021 are also very promising. They are currently 145 percent higher than last year's bookings for this summer. Operationally, current cash costs should be covered in the fourth quarter and cash break-even should be achieved. TUI CEO Fritz Joussen said: "Our integrated business model with aircraft, transfers, hotels and cruise ships is intact and has proved its worth in this difficult environment. During the crisis it has enabled us to be the first travel company to fly guests on holiday. Read the full article
