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Hapag-Lloyd Cruises drove up TUI AG’s cruise operation EBITA in first quarter

  • Written by Kari Reinikainen
  • Category: Top Headlines

Cruise operations of TUI AG, the German travel company that is listed in London, benefitted from a good performance of is Hapag-Lloyd Cruises unit, but was variance in the performance of its three cruise brands in terms of operating result (EBITA).

Turnover in the group's cruise business rose by just 0.4% to €193.0 million, but underlying EBITA rose by 25.3% to €47.0 million, mainly due to a strong performance of the luxury and expedition market unit Hapag-Lloyd Cruises.

Its average daily rate rose by 10.9% to €591 and outpaced both the UK focused Marella Cruises’ 6.2% rise, to €137, and the flat figure of TUI Cruises, of  €149.

TUI Cruises, in which TUI AG has a 50% stake, had 8.3% more passenger days than in the first quarter of its previous financial year, while Hapag-Lloyd Cruises experienced a deduction of 5.1% in its corresponding figure.

“In Cruises, the strong demand continues for TUI Cruises, Marella Cruises and Hapag-Lloyd Cruises, as we look forward to our ship launches in 2019 and beyond. Looking ahead, load factor and yield performance are in line with our expectations, and re ect the additional capacity coming to market,” TUI AG said in a statement.

 

TUI shares dive nearly 20% on profit warning

  • Written by Kari Reinikainen
  • Category: Top Headlines

Shares in the tour and cruise operator TUI AG, which are listed in London, traded almost a fifth lower in early afternoon after the company had issued a profit warning in the morning.

At 1230 local time, the shares had lost 17.80% since the opening and traded at £9.73. They had hit a low of £9.63 earlier in the session, whilst the session high had been £10.66.

The benchmark FTSE100 share index of the London market was down 0.04% at the same time

The shares in TUI that has its headquarters in Hannover in Germany have lost almost half of their value since hitting a high of £18.16 in may last year.

TUI AG owns 50% of the German cruise operator TUI Cruises and is full owner of the expedition and luxury operator Hapag-Lloyd Kreuzfahrten and UK based Marella Cruises.

 

Core markets continue grow despite certain worries, TUI notes

  • Written by Kari Reinikainen
  • Category: Top Headlines

TUI AG, the German tour operator that is listed in London, said that its core markets continue to grow despite headwinds in some parts of its business.

“Despite the challenges experienced by Markets & Airlines, demand for leisure travel continues to grow in our core markets,” TUI said.

TUI AG owns 50% of the German cruise operator TUI Cruises and is full owner of the expedition and luxury operator Hapag-Lloyd Kreuzfahrten and UK based Marella Cruises. It did not suggest that there was problems with these businesses

“We have positioned TUI to benefit from this through the successful transformation as an integrated provider of Holiday Experiences (hotels, cruises and activities & excursions), based on its strong strategic and financial position,” TUI said.

TUI is planning to enter into new markets generating €1 billion of revenue from one million customers by 2022, driving more demand for our own hotels. Holiday Experiences delivered 70% of earnings in FY18 and we expect continued strong performance from these parts of our business.

“Having delivered this transformation, we expect the ongoing digitalisation and platforming of our business to drive future earnings, positioning TUI to continue to benefit from the strong mid- to long-term growth in consumer demand for leisure travel,” the company stated.

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