Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Companies  >  All News

News : Companies
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors

TUI will not be loser of consolidation process in sector, CEO says

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/13/2019 | 07:10am EDT

FRANKFURT (Reuters) - 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.

"We will not be the losers," he said in a call with journalists after presenting third-quarter results for the group.

He said the hotels and resorts units were benefitting more from a diversified portfolio than comparable rivals and cruises would deliver strong growth.

He declined to comment on negotiations with Boeing over the grounding of 737 MAX planes after two fatal crashes, which for TUI meant 15 planes of that type needed replacing with partly older and less fuel efficient ones, creating costs of 144 million euros (£133.5 million) in the quarter.

(Reporting by Vera Eckert; Editing by Michelle Martin)

Stocks mentioned in the article
ChangeLast1st jan.
BOEING COMPANY (THE) -1.31% 379.39 Delayed Quote.19.21%
TUI 0.27% 9.55 Delayed Quote.-22.36%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Companies"
05:38aMARKS & SPENCER : M&S CFO Humphrey Singer to quit position - Sky News
RE
05:37aNOVO NORDISK : Once-weekly somapacitan demonstrates similar one-year height gains compared to daily somatropin in a phase 2 trial in children with growth hormone deficiency
PU
05:34aCMC MARKETS : Gold falls Rs250 per tola in local market
AQ
05:23aTENNIS : Osaka cruises into 3rd Toray Pan Pacific final
AQ
04:20aFOSUN TOURISM : Thomas Cook has approached UK government for bailout funds
RE
04:12aFOSUN TOURISM : Thomas Cook has approached UK government for bailout funds - FT
RE
03:46aGEPCO : Transmission, distribution losses of Discos up by 0.37pc
AQ
03:46aShell, Hyundai Nishat ink agreement
AQ
03:46aP I A C A : IHIG, PIA join hands to promote tourism
AQ
03:45aNATIONAL BANK : Currency rates of NBP
AQ
Latest news "Companies"