Tui gains from collapse of smaller rivals

first_img KCS-content Tui gains from collapse of smaller rivals Share TUI Travel yesterday released what an analyst described as a “real humdinger” of a trading statement for August and September as it took advantage of the collapse of some of its smaller rivals.Europe’s largest travel firm said holiday bookings for winter and next summer were encouraging and said net debt should fall by more than it expected.Chief executive Peter Long said holidaymakers were seeking the security of a major tour operator after the failure of a number of smaller operators and airlines earlier this year, claiming: “We have benefited from this flight to quality.”British travel companies that have collapsed, leaving thousands of passengers stranded, include Kiss Flights, Goldtrail and Sun4U.TUI said winter sales in the UK were up 17 per cent compared with the previous year, while summer 2011 booking volumes were up five per cent in the UK and up 18 per cent in the Nordic region, the two markets it currently has on sale.The company said its summer 2010 programme, which runs to the end of October, was almost fully sold after a surge in late bookings.After warning on profit in August, TUI Travel maintained guidance for the year. Analysts are predicting full-year profits for Tui of £269.5m on sales of £13.4bn. Show Comments ▼ Tuesday 5 October 2010 7:56 pmcenter_img whatsapp whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Tags: NULLlast_img