TT. Tui Travel

TUI Travel PLC (TT.LN) Monday said it is well placed to meet the board's expectations for the full year.

The travel operator said that for summer 2009 season, volumes since Jan 1 "are tracking lower than prior year," despite having reduced supply in anticipation of lower demand.

Regarding its summer bookings, trading since March 25 "remains robust" with volumes in the last eight weeks tracking ahead of the cumulative position, it said.

The company said it was seeing evidence of people booking later for winter, but added, "as a result of our capacity reductions we have less stock left to sell across all of our source markets."

Overall, the winter 2008/09 season closed in line with the company's views.

TUI Travel was able to maintain strong pricing throughout the late selling period as a result of cutting capacity. It said it achieved load factors but witnessed slight weakness in March due to the timing of Easter that fell in April this year and March last year.

The company's share price has risen 5.4% over the past 12 months, closing Friday at GBP2.68.

Company Web site: www.tuitravelplc.com

-By Kaveri Niththyananthan, Dow Jones Newswires; 4420 7842 9299; kaveri.niththyananthan@dowjones.com

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