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TUI AG’s cruise operations stage 33.5% EBITDA leap in first quarter 

The cruise operations of TUI AG, the Hannover based travel company whose shares are listed in London, have had a strong start of a new financial year as EBITDA rose by 33.5% to €37.5 million, the company said in a statement.

“The Cruises segment continued its growth path in the period under review with a significant increase in its underlying earnings,” the company said in a statement. Its financial year runs to 30 September and the fresh figures relate to the first quarter of the present financial year.

Average rate per passenger per day of TUI Cruises, of which the company owns 50%, rose to €149 from €143, while those of the fully owned Hapag-Loyd Kreuzfahrten unit decreased by €16 to €533. Marella Cruises in the UK enjoyed a rise to £129 from £122.

“In June 2017, Mein Schiff 6 joined TUI Cruises’ fleet. TUI Cruises will launch the new Mein Schiff 1 in May 2018. Marella Cruises has also modernised its fleet: Marella Discovery 2 was launched in May 2017, while Marella Majesty left the fleet in the period under review,” the company said.

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