Fantastic News12 Aug 2020 14:17
The €1.2 billion stabilisation package strengthens TUI's position and would provide sufficient liquidity in this volatile market environment to cover TUI's seasonal swing through Winter 2020/21 and thereafter and in the case of any further long-term travel restrictions and disruptions related to COVID-19.
Including the additional stabilisation package, TUI AG would, as of today, have cash and available facilities of €2.4 billion.
-Fantastic news on top of a good report tomorrow, bring on 500p by Friday I say!