TUI gets Terror in holiday countries feel – Berliner Morgenpost

02.10.2016, 05:50

From Steffen Weyer

losses make the travel companies to provide

Berlin / Hannover. TUI, the largest travel company in the world, gets to clearly feel the terror consequences in Turkey and North Africa. The summer bookings for the country on the Bosporus were previously dropped by 40 percent compared to last year, the future alone reigning TUI CEO Fritz Joussen said in Hanover.

Previously fell already Tunisia and large parts Egypt away as holiday destinations. Joussen nevertheless believes to earnings growth in the current fiscal year. Hope makes a booking rush to Spain, including the Canary Islands, more turbid, the outlook for the container shipping company Hapag-Lloyd.

In the first quarter to the end of December had the difficult IPO of Hapag-Lloyd the typical seasonal net loss TUI swell by about a quarter to 184 million euros. The Group had to revise the value of its remaining 12.3 percent Hapag stake down again after the share price had hardly come to the year of the site.

TUI had already at IPO far more than that reached 20 euros per share calculated. But the shipping industry is struggling with overcapacity and low freight rates.

In the travel business, it was better overall, despite terrorist attacks and crises. The turnover of the TUI came in October and December by a good five percent to 3.7 billion euros. Adjusted for special items, operating loss (EBITA) fell by three percent to almost 102 million euros.

Given the circumstances, this was a “tremendously strong result,” Joussen said. Tour operators write in winter usually red. they make money only in the high season in summer. While TUI own cruise ships and hotels surgically imports profits, let the intense price competition in Germany and unfavorable foreign exchange loss increase in the operating business. Also contributed to the slump in Egypt- and Tunisia bookings at.

In the current fiscal year to the end of September Joussen aims to further increase the adjusted operating profit. “We have all the effects from Tunisia and Egypt processed, which reduced earnings,” he said. Turkey as a major challenge but is yet to come. The terrorist attack in Istanbul with ten dead German tourists in January caused a slump in overall Turkey bookings.

Joussen expects this year with around one million Turkey guests, only about half as much as in the previous year. The wegbleibenden guests however should not be lost TUI. From the shift benefited the hotels in Spain, especially in the Canary Islands, said the manager.

Meanwhile, TUI lace continues on sale of subsidiary Hotelbeds, the travel components such as nights and excursions conveys to tour operators, travel agents and online portals. The list of prospective customers was “very, very long,” Joussen said. The former Vodafone manager, who had taken the TUI leadership three years ago will, for these tasks now take Only the position of CEO.