ATC strikes and competition hit TUI quarterly profit
TUI has highlighted the cost of disruption to its airline operations from air traffic control strikes this summer as well as greater competition on routes to Spain, after operating profit dipped 7.5% to E293m (US$340m) in its Q3 ended June 30. Revenue rose 5% to exceed E5b. The company says airline disruption cost it E13m, primarily as a result of French ATC strikes, and that it is conducting a "detailed operational review" of its resilience to such action. It describes the French market as being "very challenging", with "very strong" price competition, particularly on Spanish flights, "which has benefited our non-integrated competitors". Within its central region TUI has been seeing increased demand for travel to Turkey, North Africa and Greece. but this is partly offset by lower bookings for some the group's "specialist brands". <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-08-10/unaligned/atc-strikes-and-competition-hit-tui-quarterly-profit
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ATC strikes and competition hit TUI quarterly profit
TUI has highlighted the cost of disruption to its airline operations from air traffic control strikes this summer as well as greater competition on routes to Spain, after operating profit dipped 7.5% to E293m (US$340m) in its Q3 ended June 30. Revenue rose 5% to exceed E5b. The company says airline disruption cost it E13m, primarily as a result of French ATC strikes, and that it is conducting a "detailed operational review" of its resilience to such action. It describes the French market as being "very challenging", with "very strong" price competition, particularly on Spanish flights, "which has benefited our non-integrated competitors". Within its central region TUI has been seeing increased demand for travel to Turkey, North Africa and Greece. but this is partly offset by lower bookings for some the group's "specialist brands". <br/>
