Tui suffered a €10 million (£8.5 million) loss following the devastation of Hurricane Melissa in Jamaica last year but remains positive thanks to the imminent launch of Romania, the performance of its travel agencies and cruise brands.
Tui's Mathias Kiep and Sebastian Ebel will continue to lead Tui's transformation
On Tuesday (10 February), Tui's chief financial officer Mathias Kiep noted how the temporary closure of Tui’s Riu and Royalton hotels in Jamaica following Hurricane Melissa in October disrupted peak-season trading and masked the "best first quarter" in the company's history.
But he added: "The vertical integration of our business model ensures attractive margins despite a challenging environment," adding that Tui had created a "solid foundation" for a successful financial year.
Get unlimited access to the latest travel industry news and analysis, comment on articles and sign up to newsletters.
Register for free
Already registered? Login here or below.
Having difficulty logging in? Try these tips, or contact support@ttgmedia.com
