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Anyone heard from Kentboy? Huge drop Monday indeed!
Masaimara - I'm a family of 5 with very young kids and had a very awful experience with Jet2 and so have million of others! but guess what it did nothing to their SP even though i got compensation. Did you know Jet2 sell more seats than on the plan in the hope that some people don't turn up to the flight? You can sit on here and moan about TUI all you like. But Fact is the SP Dropped last week due to a SP Bail out! to pay final debt. And if you was a successful investor you would understand less debt is great!.
So Sorry you missed out on the discount last week!! Maybe buy into Jet2.
Totaltrades ------ You don't seem to understand the point! It is not negativity, it is observational fact. If a main UK competitor like Jet2 can be prepared for the demand then theres no reason why TUI shouldn't have been better prepared. Forsight can be a great thing when managing the success of a company. Unfortunately TUI havnt been as good as it's main competitor at this and Jet2 will definitely benefit from this. It's not going to kill Tui but the brand will definately take a knock. Fact Totaltrades not fiction. As an investor you have to see what is good and also what is bad in a company and not look at things through rose tinted glasses , you should know this if you are an investor. Get real Totaltrades otherwise you wont be able to make wise choices.
Demand out paces the ability to supply at present which is good news. The bad news is cancelled holidays has a direct knock on the company's prestige . It won't be sudden death on Monday but I feel it could be a knock to 175p then a slowish climb back up. Any jitters are SP critters. Two weeks of no news or good news will help SP.
Hopefully TUI has hedged well against inflation otherwise another drop.
Masaimara. As stated TUI is not the only one in its situation. Like it or not, but given the demand for TUI holidays are in such demand they are not even offering last minute deals. Speaks Volumes really.
So weather people now decide not to use them come the future it wont effect them anytime soon. TUI can only get better prepared now the world has moved on from COVID and more restrictions around the world ease.
If your an investor here and that's a big "if" for your own sake of not wanting the SP to drop you would keep such negativity off this platform. The SP dropped due to a Share price sale to pay off German state Bail out due to COVID. Also again I state this cancellation of flights ect is no NEW issue.
Typos ---- Covid not Vivid ---- Sp not So.
In the hotel we are staying at guests should have got a return Tui flight back to Aberdeen on Thursday night. They packed their bags and had to leave their room. They had a text from TUI saying their flight was delayed a couple of hours. They waited then had a further text from TUI saying there was a further delay , no explanation why. They rang TUI themselves and found out the flight had actually been cancelled and again no explanation and told they would be on a flight the following day but returning to Birmingham and not Aberdeen meaning they they had to travel by coach to Aberdeen from Birmingham, a long road trip. No explanation given.
Our friends had a flight booked leaving Manchester to Dalaman at 6 am Friday morning and coming to the same hotel as us. They were coming for one week. Their flight was cancelled until Saturday teatime. That flight was then cancelled so their holiday is now cancelled. Again not much information given by TUI as to the reasons why. This is only from our hotel and TUI are apparently doing this many times from several airports.Guests in our hotel are furious about this stating they will not book with TUI again and instead book with Jet2. TUIs lack of information and customer care has been disgusting and they are going to lose many customers to Jet2. I understand TUI may have a problem with staffing since vivid but these problems are purely down to poor operational management and poor customer care. Jet2 have no such issues so there is no excuse for TUI.
I am a long time holder of TUI shares and at the moment am slightly under my average but I worry about Tuis performance which can only have a negative effect on their customer base and the so.
There may be huge demand for holidays but companies have to manage that demand with the resources they have not with the resources they havnt. Come on TUI, get your act together quickly
Agree Total. It may go down but not because of 6 cancelled flights. The holidays are selling like hot cakes and at a premium. ,
EasyJet has cancelled over 200 flights during this half term holiday. Its not just TUI. The disruption is due to lack of resources. Clearly stated over all news. Due to many redundancy's made over COVID they are struggling to get resources and now where the demand has gone threw the roof they cant keep up. Even though this is damaging what's currently happening, but for an investor it means the demand is high so the profit will follow. I don't see there will be a drop Monday, as its already flattened off. What's going on now is no new issue.
Tui has apologised after cancelling multiple flights, blaming “operational and supply chain issues”, adding further disruption to half-term travel plans.
The travel company on Saturday announced a “small number” of flight cancellations – six in total – and delays at Birmingham, Gatwick and Manchester airports.
Not sure the drop will be huge.
Tui are legally obliged to compensate so passengers will get compensation. We are in Turkey at the moment and TUIs flight cancellations to and from Dalaman has been horrendous over the last 3 days. There reputation will be damaged by this. No problems with Jet2 flights whatsoever. The compensation bill will be huge.
Feel for those poor people having there flights cancelled from TUi not surprised but gutted for them.....they got a sorry from TUI which is all they will get. There will be no monetary compensation, that's not how TUI work as I have found out.
Disgusting