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TUI

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TUI : AIRWAYS CELEBRATES GRAND OPENING OF MANCHESTER AIRPORT'S PIER 1

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05/08/2019 | 06:28am EDT

TUI Airways joined the celebration at the grand opening of Manchester Airport's brand new Pier 1 this morning (Monday 1 April) by proudly operating the first ever flights from the new, GBP1bn infrastructure, with customers enjoying celebratory refreshments and live entertainment.

Also attending the celebrations was TUI Airways crew member Caroline Cox from Bolton. She operated on the first flight out of Terminal 2 to Alicante when it opened back in 1993. Having worked for the company for 33 years, her elder son is now following in her foot steps and is a first officer for the airline

As one of TUI's largest regional hubs serving 73 destinations, Manchester Airport's transformation will ensure over 2.7 million TUI customers flying from the North West will have a seamless travel experience.

Dawn Wilson, Managing Director at TUI Airways said,

'It's a real honour to be part of this landmark occasion at Manchester Airport- a major hub for TUI Airways. To operate the first flights from the new Pier 1 is a proud moment, and another first to add to the list of memories and history we have at Manchester.

'The transformation project is improving the overall holiday experience for thousands of our customers which is an ethos we live by; seamless service from the moment you begin your holiday journey.

'We look forward to continuing our relationship with Manchester and investing in the region through increased capacity, new routes, and basing new aircraft there, allowing more choice and flexibility for holidaymakers in the North West.'

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials (€)
Sales 2019 19 927 M
EBIT 2019 957 M
Net income 2019 600 M
Debt 2019 1 176 M
Yield 2019 7,20%
P/E ratio 2019 9,99
P/E ratio 2020 6,76
EV / Sales 2019 0,30x
EV / Sales 2020 0,30x
Capitalization 4 901 M
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 12,6 €
Spread / Average Target 52%
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Managers
NameTitle
Friedrich Peter Joussen Chief Executive Officer
Klaus J. Mangold Chairman-Supervisory Board
Birgit Conix Chief Financial Officer
Carmen Riu Güell Member-Supervisory Board
Peter James Long Deputy Chairman-Supervisory Board
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