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Tui Group chief predicts 'volatile' next few quarters

Operators
Jennifer Morris
22 September 2020

Tui Group has predicted a “volatile” next few quarters and called for end to blanket quarantines. 

Tui UK's parent company has a substantial investment from oligarch Alexey Mordashov

In a trading update this morning (Tuesday) prior to entering its closed period ahead of reporting its full-year results for the 12 months ending 30 September, the German travel giant revealed some key financial updates, although said overall full-year 2020 Q4 cash outflow “remains as expected”.


In terms of markets and airlines, Tui said since restarting operations in mid-June with new hygiene protocols, it had carried 1.4 million customers on holiday, with an average load factor of 84% based on adjusted capacity. 

It said though that over the last month it has been impacted by the continuous changes in travel advice by various governments across our markets.