http://www.forbes.com/business/feeds...fx2016828.html
Investors will call on TUI AG at the company's annual general meeting today to rid itself of its no-frills airlines Hapag-Lloyd Express and Thomsonfly, according to a report in Handelsblatt newspaper.
Fund manager Michael Griese of Union Investment Group told the newspaper that the two airlines are not profitable in the long term.
TUI chief financial officer Rainer Feuerhake said earlier he expects the company's no-frills airline Hapag-Lloyd Express (HLX) to achieve a profit this year, while airline Thomsonfly is seen achieving a profit in 2006.
Union Investment Group said it owns more than 8 mln shares worth 150 mln eur of the German tourism giant.