|
Portugal, Austria, Turkey?
|
Originally Posted by SWBKCB
(Post 10713995)
Portugal, Austria, Turkey?
Isn't Austria on lockdown? There were ferry flights out there today to bring people back but as far as I'm aware all cancelled now, although the ski season is finishing up now anyway. Madeira is cancelled. |
Madira has just announced that everyone who arrives now have to go into 14 days self isolation, hence the cancellation. According to my son who is out there, those already there are exempt. Don't know about the mainland though.
|
Incredible isn't it? After Monarch and Thomas Cook went, TUI seemed to be impenetrable. And now a virus that doesn't even have a brain is reducing them to their knees...
|
Dominican Republic and Morocco now cancelled
|
TUI: ALL Departures (Monday 16 March)
LGW LIR AYT (new) SID HRG MAN BVC HRG BHX RMF HRG CUN BRS HRG |
Originally Posted by SealinkBF
(Post 10715180)
Incredible isn't it? After Monarch and Thomas Cook went, TUI seemed to be impenetrable. And now a virus that doesn't even have a brain is reducing them to their knees...
|
I don’t think TUI are any more “on their knees” than any other airline at the moment.
|
TUI is a holiday company with an airline and not just an airline. Does that complicate things?
|
|
Originally Posted by Vokes55
(Post 10715371)
I don’t think TUI are any more “on their knees” than any other airline at the moment.
|
Originally Posted by Vokes55
(Post 10715371)
I don’t think TUI are any more “on their knees” than any other airline at the moment.
|
Per daily mail
Travel giant Tui suspends vast majority of travel operations until further notice as British Airways axes 75 per cent of its flights and EasyJet announces further cancellations |
Originally Posted by SealinkBF
(Post 10715596)
Not the point I was making
|
Originally Posted by Vokes55
(Post 10715750)
What point were you making then? In fact I don’t see much point at all to your post.
|
Leisure group TUI is applying for state-aid guarantees to support its business until it can restore normal operations, after suspending most of its travel operations. TUI says it is halting the “vast majority” of its package travel, cruise and hotel activities to assist with the efforts to counter the coronavirus outbreak. The company has cash and available facilities of around €1.4 billion, it says, and it is taking “substantial” cost measures to limit the impact on earnings. “We have decided to apply for state aid guarantees to support the business until normal operations are resumed,” it adds. |
Tui shares collapsed by a further 32%. The shares have fallen from 977p on 17 February to 246p on Monday – a 75% decline. The Guardian.
|
My understanding is that TUI has some borrowings that are due to be rescheduled, and which carry onerous covenants.Such a massive fall in the share price indicates that they are viewed in the market as fragile.
|
Originally Posted by LGS6753
(Post 10716145)
My understanding is that TUI has some borrowings that are due to be rescheduled, and which carry onerous covenants.Such a massive fall in the share price indicates that they are viewed in the market as fragile.
|
State aid from who as this is a German company.
|
| All times are GMT. The time now is 00:51. |
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.