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A good RNS and they confirm enough cash until Oct 2021. I’ll take that thanks!
Easing of travel restrictions in Europe has enabled TUI to benefit from a partial restart to its Summer 2020 programme with an immediate positive effect on working capital, as customers are committing for the current and future holiday seasons. Holidays remain a high priority to our customers and we continue to work through different demand scenarios as we move through the current and upcoming seasons.
I read a couple of analyst reports and the last quarter report. Not a lot was expected as it was only going to be rebooking. However, I think that will be proved wrong as there have been a lot of new bookings.
The worrisome part for me is the debt. Debt crippled Thomas cook. Tui, need to drastically reduce costs.
Looking at what happened on the last spike, I’m curious what will happen this time. I am waiting for Thursday, then I think I’m out Thursday mid day (assuming good news) and then I’ll buy back if there is another dip.
https://uk.yahoo.com/news/travel-industry-urges-uk-rethink-183645266.html
https://uk.yahoo.com/news/travel-updates-demand-unbelievable-covid-080852941.html
https://uk.yahoo.com/news/areas-england-no-coronavirus-infections-174830678.html
https://uk.yahoo.com/news/british-holidaymakers-gamble-greece-overtakes-162956861.html
https://www.msn.com/en-gb/news/coronavirus/covid-19-spread-may-be-levelling-off-in-england-say-experts/ar-BB17Hzfn?li=BBoPRmx
If this is true, then BOOM!
I am spending a week under a flight path in Schipol, all I could find and it was accidentally booked through a Tui rep. (Just cheapest), however, what I’m noticing is flights constantly into schipol airport. So demand must be way more than expect at other locations as well.