Europe's largest travel company attributes quarterly losses to 'air traffic disruptions'.
Tui canceled200 of his outbound flights in May and June. This is largely the result of resource issues with his Swissport ground his handler at Manchester Airport.
Thuy, who revealed the results for the third quarter from April to June, said the disruption had cost him €75 million in "additional costs caused by irregularities, especially in UK air traffic." (£64 million).
The vacation giant says one of his 25 passengers on board in June was more than three hours late. He stresses that flight cancellations during this period "fewer than 1% of his total summer programme."
Without additional costs, Tui's calculations put his underlying profit at €48m (£41m), his first quarterly profit since the start of the coronavirus pandemic. is.
However, with average sales prices for the July-September holidays one-fifth higher than pre-corona levels and bookings roughly the same, the Anglo-German travel agency }
Tui sold summer vacations worth 90% of 2019 booking levels.
Fritz Joussen, the previous Chief Executive Officer, said: When I handed over the chairmanship to Sebastian Eber on September 30th, Tui was secured and is on track both financially and operationally.
Ebel, Chief Financial Officer and Chief Executive Officer, said:
“People want to travel. Holidays continue to top the list of planned spending – and this has not changed. , delivered a strong third quarter, with business expanding well on strong demand growth, and we are consistently addressing the operational challenges associated with reopening."
Apart from spending more money on travel, vacationers are booking last minute, mainly for longer stays and better accommodation.
