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MarketScreener Homepage  >  Equities  >  Xetra  >  TUI AG    TUI1   DE000TUAG000

TUI AG

(TUI1)
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TUI : to resume vacation flights from end-June - Rheinische Post

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05/23/2020 | 06:16am EDT
A closed counter of the German travel company TUI is seen at the Helmut-Schmidt-Airport during the outbreak of coronavirus disease (COVID19), in Hamburg

Travel group TUI is planning to resume flights to main holiday destinations in Europe by the end of June, its chief executive told a German newspaper.

"We are planning to start flying again from end June, in time for summer vacation," Fritz Joussen told Rheinische Post. He said the Spanish island of Mallorca, a favourite destination for German travellers, would be likely to be the first destination.

"We want to resume flight traffic to Mallorca from mid-to-end June. Austria, Greece, Cyprus, Croatia, Bulgaria are also well-prepared," Joussen told the paper.

Earlier this month, TUI, the world's largest tourism group, said it would cut 8,000 jobs and look to shed 30% of its costs as it gears up for a July restart to European tourism.

(Reporting by Christoph Steitz. Editing by Jane Merriman)

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Financials
Sales 2020 11 093 M 12 551 M 12 551 M
Net income 2020 -1 640 M -1 855 M -1 855 M
Net Debt 2020 4 756 M 5 381 M 5 381 M
P/E ratio 2020 -2,82x
Yield 2020 -
Capitalization 3 144 M 3 562 M 3 557 M
EV / Sales 2019
EV / Sales 2020 0,71x
Nbr of Employees 53 525
Free-Float 66,3%
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Mean consensus UNDERPERFORM
Number of Analysts 11
Average target price 3,72 €
Last Close Price 5,34 €
Spread / Highest target 29,3%
Spread / Average Target -30,2%
Spread / Lowest Target -75,6%
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Managers
NameTitle
Friedrich Peter Joussen Chief Executive Officer
Dieter Zetsche Chairman-Supervisory Board
Birgit Conix CFO & Member-Executive Board
Peter James Long Deputy Chairman-Supervisory Board
Andreas Barczewski Member-Supervisory Board
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