Speaking on a call with the media today (February 12), Fritz Joussen accepted Tui “cannot go on like always”.
“David Burling [chief executive markets and airline] has a huge challenge to take out costs… This includes distribution costs, so this means more direct [selling], more mobile.
“We have invested in excursions and experiences.”
The company today reported underlying Q1 losses more than doubling to €83.6 million in its first quarter after an "unusually long, hot summer”.
