The mass shooting at the end of June saw 33 Tui customers killed following an attack on a beach near the resort of Sousse. The company launched a massive airlift operation to bring home customers still in Tunisia and subsequently cancelled all holidays to the country.
The impact of the tragedy will largely be as a result of the cost of running under-occupied hotels in Tunisia with an estimated figure of €35-€40 million.
“Despite this impact we have tightened our guidance to 12.5 to 15% so effectively what we’re saying is we are absorbing the impact of this cost,” he said on a conference call.
Tui chief confident of profit growth despite Tunisia tragedy
Operators
TTG Staff
13 August 2015
Tui Group’s joint chief executive Peter Long has said he still expects the company to report a growth in annual profits despite losing up to €40 million as a result of the Tunisia terrorist attack.
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