the bottom line is a profit of around 22 million Euro stand – 85 percent less than in the same period of the previous year.

Less bookings

in Addition, the customers are holding back at the bookings for the summer. Until the beginning of August sold Tui a percent less summer holidays than a year earlier, as the German company announced on Tuesday. The prices increased on average by one percent.

More sales with cruises

In the third quarter to the end of June, Tui increased its sales in spite of the problems of almost four per cent to 4.75 billion euros. The group’s own cruise ships were in demand more. In addition, the group has expanded its business with excursions in the holiday regions through Acquisitions strong. Nevertheless, the special effects, adjusted operating profit (adjusted Ebita) fell due since March of current flight ban for the Boeing 737 Max by 46 percent to 101 million euros.

Boeing 737 crashes cost Tui a lot of money

Tui has 15 machines in the fleet and should obtain for this summer, actually 8 more. Due to the flight ban, the group had to organize for a lot of money on replacement machines and has cut his profit target already. CEO Fritz Joussen is expecting now that the adjusted operating profit of almost EUR 1.2 billion in the current fiscal year to the end of September, up 26 percent year-on-year. (SDA)