Skip to main content

City and finance

Tui courts budget carriers to ramp up dynamic packaging
Tui boss says deals with low-cost airlines are on the table to increase its dynamic packaging offer in the UK this summer
Tui shares to be de-listed from London Stock Exchange this summer
Tui shareholders vote to move listing to Frankfurt and abandon London Stock Exchange
Tui blames Liz Truss financial disaster for ‘currency hit’
Tui says its Q1 profit – the first in its history – was helped by recovery in sterling compared with 2022 when Liz Truss and Kwasi Kwarteng trashed financial markets
Tui defies seasonal lull despite ‘persistently challenging environment’
Group posts positive first-quarter (three months to the end of December) earnings for the first time as ‘positive booking momentum’ continues into new year
‘Don't leave travel behind,’ industry urges chancellor ahead of spring Budget
UK Outbound Travel Group tells the Treasury how it should help the industry in next month’s Budget
Walt Disney sees theme parks bounce back despite US dip
Walt Disney Company posts first-quarter results with healthy theme park revenues
Inghams and Explore parent Hotelplan UK put up for sale
Hotelplan Group’s Swiss owner, Migros, has put it up for sale to concentrate on its main supermarket business
Icelandair blames volcano coverage for January bookings hit
Icelandair saw a drop in travellers to Iceland in January due to seismic activity – but an increase in transfer passengers to compensate
Consumers ‘will spend more’ on travel in 2024 despite hardships, says NatWest
Consumers will continue to prioritise travel over other spend this year and are OK with dynamic pricing, NatWest reports
Intrepid smashes UK and Ireland sales record twice in a week
Adventure specialist breaks sales record on 30 January and again on 31 January, and reports a 30% hike in industry revenue compared with January 2023
Peaks drives travel to third-biggest leap in January spending growth
According to new data from Barclays, travel was the third-biggest sector for spending growth in January, pipped only by spend on digital content and subscriptions and ‘other services’
Homeworking giants smash monthly sales records in January
Travel Counsellors and Not Just Travel enjoy boom in bookings during crucial month
Fewer operator collapses, but more refunds in 2023, says CAA
The Air Travel Trust says there were fewer operator collapses in 2023 but that repatriation and refunds cost it more than the previous year
Royal Caribbean Group sees the figures turn black in 2023
Royal Caribbean Group is back in profit after resuming full operations following the pandemic
Saga delivers upbeat travel and cruise outlook
Saga says travel and cruise divisions are set to be back to pre-pandemic levels in this financial year but confirms it is seeking an ocean cruise partner
Lovetovisit.com heralds successful first year of trading
Lovetovisit.com, a John Hays Entrepreneur award winner, has hailed a successful first year of trading and fundraising
JetBlue and Spirit Airlines mull next move after merger plans blocked
JetBlue and Spirit Airlines have said they may appeal after a Boston judge blocked their plans to merge
Hays Travel reaps rewards of post-Covid rebound with £52 million profit
Hays Travel annual results confirms return of demand for travel in 2022/23 with a big increase in turnover and profits
CAA crackdown costs Wizz Air £1.24 million in compensation
The CAA has completed its action against Wizz Air, which has been forced to pay out over a million pounds in compensation following delays and cancellations last summer
Gray Dawes acquires Dutch TMC as part of continued expansion
According to Gray Dawes Group boss Suzanne Horner, the acquisition will only strengthen the company’s position and global offering
JetBlue chief executive to step down next month
JetBlue appoints new chief executive after Robin Hayes announces he will step down for medical reasons
Tui urges shareholders to support London de-listing
Tui has asked shareholders to back a plan that will see its shares traded only on the Frankfurt Stock Exchange, de-listing it in London
Kuoni parent snaps up family-run villa specialist Solmar
Der Touristik UK plans to make Solmar’s 1,600+ villas available to book through all 27 Kuoni stores, and has pledged to grow the brand into ‘the largest villa operator out of the UK’
Travel Counsellors acquires itinerary management platform Planisto
Homeworking giant confirms second major acquisition in less than 12 months