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Tui Group works on hard Brexit contingency plan

Tui
Jennifer Morris
9 August 2018

Tui Group’s chief has confirmed it is making contingency plans for a hard Brexit.

‘Consumer paradise’

During a UK media call for the announcement of the group’s Q3 results, the travel company’s chief executive Fritz Joussen was asked to elaborate on comments he reportedly made on a call with German media, that Tui was “preparing for the worst case scenario of a hard Brexit”.

Joussen refused to give specific examples of the preparations, but said: “When you don’t know what will happen then you prepare for everything.

“It’s very unlikely that this will happen so most likely we will see a grace period.

“The list [of preparations] is long – we are a global company.