Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTUI AG Share News (TUI)

Share Price Information for TUI AG (TUI)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 538.00
Bid: 540.50
Ask: 541.50
Change: -10.00 (-1.82%)
Spread: 1.00 (0.185%)
Open: 544.50
High: 550.00
Low: 533.00
Prev. Close: 548.00
TUI Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Heathrow says airport travel chaos is easing; touts cap on flights

Thu, 11th Aug 2022 11:58

(Alliance News) - Heathrow airport insists recent travel chaos is beginning to ease after telling airlines to cut their flight programmes to tackle delays and cancellations.

The group's Chief Executive John Holland-Kaye, said passengers have been seeing "better, more reliable journeys" since the cap on departing flights was enforced.

Heathrow and Gatwick ordered airlines to slash their flight schedules following chaotic scenes as staff shortages left them struggling to cope with the sudden ramping up of demand for overseas holidays.

Holidaymakers suffered delays and cancellations along with lengthy queues as airports struggled with baggage handling, air traffic control and security.

But Heathrow said the cap has "delivered improvements to passenger experience, with fewer last-minute flight cancellations, better aircraft punctuality and baggage delivery".

Holland-Kaye added: "Passengers are seeing better, more reliable journeys since the introduction of the demand cap.

"I want to thank all my colleagues across the airport for their amazing work in getting people away on their holidays."

Heathrow did not give details on when the cap might be lifted, but said a boosting of airline ground handler operations would be a key factor – "and we have initiated a review of ground handling to support that objective".

The group is likely to face a barrage of compensation claims from affected holiday firms and airlines, many of which have laid the blame for disruption squarely at the feet of the airports.

Tui AG on Wednesday revealed it is seeking to recoup a "significant" sum from the airports it flies from after taking a EUR75 million cost hit due to the recent travel woes.

Heathrow said security staffing is back at pre-pandemic levels and 88% of passengers have been able to clear security within 20 minutes or less.

The group's latest passenger statistics revealed it saw 318% more people – a total of 6.3 million – pass through its terminals in July.

It said a further 16 million are expected to travel through Heathrow between July and September as travel demand ramps up.

By Holly Williams, PA Business Editor

source: PA

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
6 May 2021 17:08

Tour operator Tui to offer holidaymakers GBP20 Covid-19 tests

Tour operator Tui to offer holidaymakers GBP20 Covid-19 tests

Read more
5 May 2021 15:52

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
4 May 2021 12:21

LONDON MARKET MIDDAY: Commodity and travel stocks send FTSE 100 higher

LONDON MARKET MIDDAY: Commodity and travel stocks send FTSE 100 higher

Read more
4 May 2021 10:58

TOP NEWS SUMMARY: Saudi Aramco reports 30% rise in quarterly income

TOP NEWS SUMMARY: Saudi Aramco reports 30% rise in quarterly income

Read more
4 May 2021 08:43

LONDON MARKET OPEN: Airlines rise as UK set to green-light travel

LONDON MARKET OPEN: Airlines rise as UK set to green-light travel

Read more
29 Apr 2021 16:52

EXECUTIVE CHANGES: Fresnillo chair steps down; Airtel Africa picks CEO

EXECUTIVE CHANGES: Fresnillo chair steps down; Airtel Africa picks CEO

Read more
26 Apr 2021 17:07

Europe close: Travel and Leisure, Basic Resources names pace gains

(Sharecast News) - European shares finished higher on Monday as investors prepared for a raft of major corporate earnings and data from the US this week.

Read more
16 Apr 2021 06:50

Tui boss "optimistic" for foreign summer holidays

Tui boss "optimistic" for foreign summer holidays

Read more
13 Apr 2021 09:29

BROKER RATINGS: JPMorgan upgrades Babcock to overweight from neutral

BROKER RATINGS: JPMorgan upgrades Babcock to overweight from neutral

Read more
9 Apr 2021 17:05

LONDON MARKET CLOSE: Stocks limp into weekend ahead of partial reopen

LONDON MARKET CLOSE: Stocks limp into weekend ahead of partial reopen

Read more
9 Apr 2021 12:12

LONDON MARKET MIDDAY: FTSE 100 looking tired after strong week

LONDON MARKET MIDDAY: FTSE 100 looking tired after strong week

Read more
9 Apr 2021 09:08

Tui launches convertible bond offer to improve "liquidity position"

Tui launches convertible bond offer to improve "liquidity position"

Read more
9 Apr 2021 07:35

Tui raises up to €400m to strengthen finances

(Sharecast News) - Tui is raising up to €400m (£348m) by selling convertible bonds to strengthen its finances during continuing travel restrictions caused by the Covid-19 crisis.

Read more
8 Apr 2021 10:30

Deutsche Banks starts Tui coverage with 'hold' rating

(Sharecast News) - Deutsche Bank recommended sticking with Tui shares as it initiated coverage of the world's biggest travel and tourism company.

Read more
8 Apr 2021 09:34

BROKER RATINGS: Citi raises Sage to Buy; Berenberg says hold Deliveroo

BROKER RATINGS: Citi raises Sage to Buy; Berenberg says hold Deliveroo

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.