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TUI To Offer Replacement Flights For Its Customers After Thomas Cook Collapse
TUI buys 44,088 shares in buyback plan
Tui: Sterling Losses After New British PM Took Office Discouraged British Customers
TUI AG is a Germany-based integrated tourism group. The Company operates through the following segments: Hotels and Resorts, Cruises, Source Markets, divided into Northern Region, Central Region and Western Region, and Other Tourism. The Hotels and Resorts segment comprises all group-owned hotels and hotel shareholdings. The Cruises segment consists of TUI Cruises, a joint venture between TUI AG and Royal Caribbean Cruises, as well as Hapag-Lloyd Cruises and Marella Cruises. The Northern Region comprises the Group's tour operators and airlines in the United Kingdom, Ireland, the Nordics, Canada and Russia. The Central Region comprises tour operators and airlines in Germany and tour operators in Austria, Poland and Switzerland. The Western Region segment comprises tour operators in Belgium, the Netherlands and France. The Other Tourism segment comprises the French scheduled airline Corsair and central tourism functions, such as aviation management and information technology.
Independent Chairman of the Supervisory Board
Chairman of the Executive Board, Chief Executive Officer, Chairman of the Executive Committee
First Deputy Chairman of the Supervisory Board, Employee Representative
Peter J. Long
Second Deputy Chairman of the Supervisory Board
Chief Financial Officer, Member of the Executive Board, Member of the Executive Committee
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* Shares rise almost 13% (Adds shares, analyst comment, estimates, TUI outlook, background)
TUI on Thursday said it would boost its travel portfolio for German tourists and attract 500,000 new German customers next year, as it is offering partnerships to travel agencies affiliated to insolvent Thomas Cook.
European tourism group TUI said on Tuesday it was assessing the impact of the collapse of British rival Thomas Cook on its operations, including offering replacement flights for customers booked on the failed operator's airline.
European tourism group TUI <TUIGn.DE> <TUIT.L> said the grounding of Boeing's 737 MAX jets was a big burden as it reported a 46% decline in underlying quarterly core earnings (EBITA) on Tuesday.
UK shares inched lower on Tuesday, as worries over protests in Hong Kong, the U.S.-China trade spat and the health of the British economy continued to fuel a risk-off sentiment, even though travel firm TUI rose after quarterly results.
TUI Chief Executive Fritz Joussen said on Tuesday that he expected consolidation in the holiday industry but believed his company was well equipped to deal with it.
European travel and tourism operator TUI said on Tuesday that robust business outweighed problems with the grounding of Boeing's 737 MAX jets in its third quarter and it upheld its earnings outlook for the full year.
Travel firm TUI said it did not expect an additional financial impact from the grounded 737 MAX after the U.S. Federal Aviation Administration said Boeing must address a new risk on the grounded jet before it can return to service.
Travel company TUI's contingency measures to cope with the grounding of Boeing 737 MAX jets were triggered on Monday, sending its shares down more than 4%.
* Clarity on MAXs needed by end of May to avoid further profit hit (Recasts, adds detail, quotes)
Anglo-German tour operator TUI needs clarity over the status of its grounded Boeing 737 MAX planes by the end of May or it will take another hit on profit, the company said on Wednesday.
TUI remains committed to its Boeing 737 MAX orders despite two fatal crashes that have led to the grounding of the plane worldwide and caused the Anglo-German tour operator to issue a profit warning on Friday.
Anglo-German tour operator TUI became the latest Boeing 737 MAX operator to warn of a hit to its profits as the U.S. planemaker moved to restore confidence in its best-selling model after two fatal crashes that have grounded the planes worldwide.
Tour operator TUI warned its profit would fall by at least 200 million euros ($225 million) this year after the grounding of Boeing's 737 MAX aircraft, further evidence of the financial impact of two fatal crashes involving the same type of plane.
Britain's FTSE 100 thrived as hopes of progress in the latest round of Sino-U.S. trade talks ignited optimism, while tour operator TUI tumbled after a profit warning and AstraZeneca weakened after a $6.9 billion cancer drug tie-up.
** Tour operator Tui's London-listed shares down 10 pct at 697.6 pounds
Tour operator Tui AG on Friday warned it would take a 200 million euro ($225 million) profit hit in 2019 due to the grounding of Boeing's 737 MAX aircrafts in the wake of two deadly crashes of the model.
German airports could be in for another costly summer of delays and disruptions due to lingering air-traffic control and logistics problems, the head of airline TUI fly, part of the TUI group, said in a newspaper interview.
European shares eased from 12-week highs on Thursday as weak earnings from Publicis, GEA and TUI offset gains in banks following better-than-expected results from Italy's Unicredit.
Poor results from tour operator TUI dragged Britain's FTSE 100 down on Thursday as advertising group WPP also weighed on the main index.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.