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Tui chief: 'We are immune to trends which have caused competitors' profit warnings'

Operators
Jennifer Morris
13 December 2018

Tui Group’s chief has described the company as “more or less immune” to the trends that have caused some of its competitors to issue profit warnings of late.

Tui has pushed back the resumption of many holidays into July

Today (Thursday, December 13) Tui Group reported underlying ebita (earnings before interest, taxes, depreciation, and amortization) for the full-year as having increased by 4.1% to €1.147 billion including foreign exchange translation and by 10.9% to €1.222 billion on a constant currency basis.

However the group’s northern region market – which includes the UK – saw earnings decline to €251.1 million at constant currency rates compared with €345.8 million a year earlier.

That said, only the UK is more than 20% booked for summer 2019, Tui said.