TUI Travel 1Q Operating Loss Falls To GBP34.9 Million As Demand Improves
25 Marzo 2009 - 8:55AM
Dow Jones News
TUI Travel PLC (TT.LN) Wednesday said it nearly halved its
operating loss for the first-quarter compared with a year earlier,
and said that demand in recent weeks had strengthened.
"Pricing is strong...while consumer demand continues to improve
despite the economic conditions," Chief Executive Peter Long
said.
"We have continued to experience greater demand for non-euro
destinations and all-inclusive holidays," he said.
The operating loss for the first quarter, excluding
amortization, goodwill impairment and taxation, was GBP34.9 million
compared with an operating loss of GBP63.3 million last year.
Europe's largest travel operator said revenue for the quarter
was GBP2.74 billion, up 9% compared with GBP2.52 billion last year.
The company said departed load factors, which measure how many
seats on planes are occupied, are in line or ahead of last
year.
TUI Travel last week said it was in strategic partnership talks
with Air Berlin PLC (AB1.XE) relating to its own German budget
carrier, TUIfly, that could involve each company taking a 20% stake
in the other.
On Wednesday, TUI Travel said discussions with Air Berlin are
"progressing well and are now at an advanced stage."
Since the start of the year, TUI Travel's shares have risen
1.3%, closing Tuesday at 236.5 pence.
Company Web site: www.tuitravelplc.com
-By Kaveri Niththyananthan, Dow Jones Newswires; 4420 7842 9299; kaveri.niththyananthan@dowjones.com
Grafico Azioni TUI Travel (LSE:TT.)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni TUI Travel (LSE:TT.)
Storico
Da Lug 2023 a Lug 2024
Notizie in Tempo Reale relative a Tui Travel (Borsa di Londra): 0 articoli recenti
Più Tui Travel Articoli Notizie