Perfect storm dampens Tui sales

Perfect storm dampens Tui sales

The unusually hot weather across Europe may garner mixed reactions from those accustomed to a lacklustre summer in the UK. For Tui (TUI), there’s no doubt this has been bad for summer holidays as would-be travellers don’t need to go anywhere to find sunshine. Management said the high level of early bookings helps to limit the impact of prolonged stretch of good weather, but that outperformance is still unlikely. This was one of numerous factors that contributed to the 13 per cent decline in cash profits during the third quarter to €193m.

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