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You say Tui made loss of 289million but that was expected as it was over the winter period. They made a profit of 391 million last year and with bookings better than last year at higher yields expect to see a good profit this year also.
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True, But Winter 2008 was actually a busy & quite profitable period, With Egypt bookings boosting up the figures once again.
With the projected forecasts for Summer 09 being on a par with average bookings, Capacity has still been cut by 20%.
People are obviously booking very late or at the last minute due to the current economical mess!!
The phase-out has started on the 757's that started Ops in 1992 now, And a planned 9 aircraft will be leaving the fleet in the next 18 months or so.
Egypt bookings has helped all of the Tour Ops over the last year.