The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

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: 566.50
Bid: 568.50
Ask: 569.50
Change: -2.50 (-0.44%)
Spread: 1.00 (0.176%)
Open: 583.50
High: 583.50
Low: 566.50
Prev. Close: 569.00
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
12 Apr 2022 16:54

LONDON MARKET CLOSE: Europe down but New York rises despite hot US CPI

(Alliance News) - Equities in Europe weakened on Tuesday, with banking stocks among those leading the declines, though markets in New York opened strongly after the latest US inflation reading came in hot, but not as robust as some had feared.

Read more
5 Apr 2022 21:21

IN BRIEF: Tui expects summer bookings close to pre-pandemic

Tui AG - Hanover, Germany-based leisure, travel and tourism company - Looks to focus on digitalisation and destinations as it recruits over 1,500 new employees. Company adds it expects summer 2022 bookings to return "close" to normalized summer 2019 levels.

Read more
30 Mar 2022 18:38

Germany's Tui returns first credit lines provided during pandemic

(Alliance News) - German travel and tourism giant Tui AG said on Wednesday it is returning the first part of the credit lines of around EUR700 million provided during the pandemic on April 1.

Read more
16 Mar 2022 09:46

LONDON BROKER RATINGS: SocGen cuts Reckitt; UBS upgrades DS Smith

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
14 Mar 2022 20:25

TOP NEWS: Air travel industry welcomes end of UK Covid restrictions

(Alliance News) - Companies and trade organisations in the air travel industry have welcomed the end of remaining UK Covid travel restrictions.

Read more
10 Mar 2022 14:47

Tui terminates brand deal with Russian partner

(Sharecast News) - Tui Group has terminated an agreement allowing its brand to be used by its largest shareholder in Russia, the travel giant said on Thursday.

Read more
2 Mar 2022 16:56

Russian oligarch leaves supervisory board of German travel firm Tui

(Alliance News) - Russian oligarch Alexey Mordashov, the single biggest shareholder in the German travel group Tui AG, is leaving the firm's supervisory board in view of the EU sanctions imposed on him.

Read more
18 Feb 2022 09:41

LONDON BROKER RATINGS: Berenberg says buy Aveva, Deutsche says hold

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Read more
16 Feb 2022 09:00

LONDON MARKET OPEN: Geopolitical tensions calm but inflation in focus

(Alliance News) - London's FTSE 100 stock index edged cautiously higher in early dealings on Wednesday, with a seeming de-escalation by Russia of its threat to Ukraine lifting the mood, though traders were wary about a backdrop of inflationary pressures in both the UK and US.

Read more
14 Feb 2022 10:52

SMALL-CAP WINNERS & LOSERS: Russia threat hits travel stocks

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

Read more
8 Feb 2022 06:57

Tui says UK travel bookings ahead of pre-pandemic after curbs eased

Tui says UK travel bookings ahead of pre-pandemic after curbs eased

Read more
28 Jan 2022 09:59

LONDON BROKER RATINGS: Barclays lifts ITV and S4 Capital to Overweight

LONDON BROKER RATINGS: Barclays lifts ITV and S4 Capital to Overweight

Read more
26 Jan 2022 17:02

LONDON MARKET CLOSE: FTSE 100 soars ahead of Fed as oil, travel gain

LONDON MARKET CLOSE: FTSE 100 soars ahead of Fed as oil, travel gain

Read more
26 Jan 2022 12:16

LONDON MARKET MIDDAY: Markets brace for aggressive US Fed tightening

LONDON MARKET MIDDAY: Markets brace for aggressive US Fed tightening

Read more
4 Jan 2022 17:00

LONDON MARKET CLOSE: Stocks start 2022 in style as airlines fly higher

LONDON MARKET CLOSE: Stocks start 2022 in style as airlines fly higher

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.