Tag Archives: TUI AG

TUI AG to sell Corsair to Groupe Dubreuil, the owner of Air Caraibes

Corsair International (Paris-Orly), the French airline unit of TUI AG, will be sold to Groupe Dubreuil, the owner of Air Caraibes. Both carriers will be operated separately according to this report by Bloomberg.

According to Bloomberg, “Dubreuil, who sold French carrier Regional Airlines to Air France in 2000, said he plans to sign a lease deal for three A350s from an unspecified supplier, adding to six of the wide-body twinjets that are already due to arrive from 2016 through 2023 — three ordered outright for Air Caraibes and three to be leased from ILFC, now owned by AerCap Holdings NV.”

Read the full report: CLICK HERE

Top Copyright Photo: Jacques Guillem/AirlinersGallery.com. The three Corsair 747-400s are currently configured in a high-density two-class 533 seat layout and are too big for the current routes and will be retired in 2017. Boeing 747-422 F-GTUI (msn 26875) taxies at the Paris (Orly) base.

Corsair aircraft slide show: AG Airline Slide Show

Air Caraibes aircraft slide show: AG Airline Slide Show

 

Air Caraibes logo-1

Below Copyright Photo: Terry Wade/AirlinersGallery.com. Air Caraibes’ Airbus A330-223 F-OFDF (msn 253) holds short of the runway at London (Gatwick).

Corsair Route Map:

Corsair logo

Corsair 2.2015 Route Map

AG Pick the best shots

TUI Travel’s full-year pretax profit soars to $567 million

TUI Travel (London), the parent of Thomson Airways (London-Luton and Manchester), reported its financial results for its fiscal year ending on September 30, 2014. The pretax profit for the fiscal year ending on September 30, 2014 was £362 million ($567 million) compared to £169 million ($264.7 million) for the previous year. Please see the financial analysis below by www.finspreads.com.

Read the full report: CLICK HERE

Comments by Peter Long, CEO of TUI Travel:

“We have delivered another year of out-performance against our growth roadmap achieving an underlying operating profit growth of 11% at constant currency rates2. This demonstrates the strength and resilience of our business model in what has been a competitive trading environment for many tour operators and airlines. The combination of our market leadership position, scale, focus on unique holidays distributed increasingly online and our relationship with the customer throughout their whole holiday experience continues to provide a strong basis for sustainable, profitable growth.

“The merger with TUI AG will strengthen and future-proof our combined Group. It will also enhance the certainty of long-term unique holiday growth and reinforce our clear competitive advantage through further control over the end-to-end customer experience. This will mark the start of an exciting new phase of growth, delivering significant opportunities and value to customers, employees and shareholders.”

A financial analyst comment from Fiona, a senior market analyst at www.finspreads.com

UK package holiday company TUI Travel reported a notable 11% rise in underlying profit, above its recently raised guidance of 9%. Pretax profit to the year ending September 30, 2014 was £362 million compared to £169 million for the previous year, achieved on slightly lower revenues of £14.62 billion due to adverse currency translation impacts.. The travel company which is currently merging with German parent company TUI AG, intends to declare a second interim dividend of 20.5p per share once the merger is complete, taking the total annual dividend to 24.5p up from 13.5p last year.

These are really promising results for a company which has previously suffered heavily from reduced consumer spending and changing tastes. However the travel firm seems to have found a winning formula with over 63% of its winter programme 2014/15 already sold with mainstream bookings and bookings for summer 2015 up over 9% on an average price increase of 2%. The market was clearly impressed by the results and projected outlook for the firm and TUI Travel is currently trading up over 3.8% at 445p, adding to the phenomenal growth that they have experienced since May 2012 when TUI Travel´s share price was only 165p.

Copyright Photo: Ton Jochems/AirlinersGallery.com. Boeing 737-8K5 G-TAWG (msn 37266) holds short of the runway at Palma de Mallorca.

Thomson Airways aircraft slide show:

TUI to cut costs and services at TUIfly, TUIfly to drop its yellow airplanes

TUIfly‘s (Hannover) parent, TUI AG (TUI Group) wants to cut costs at the German airline subsidiary by 65 million euros ($88.9 million) each year by cutting back on free services for passengers and lowering staff costs according to the daily Sueddeutsche Zeitung and this report by Reuters.

The new cost savings program is called “Max Thrust”. TUIfly will expand the fleet by four new aircraft for medium-haul flights and two planes for long-haul operations according to the report.

Tuifly plans to divide its cabin into three classes from May and stop offering free newspapers, inflight entertainment and blankets according to the report.

Read the full report from Reuters: CLICK HERE

In another report by Romania-Insider.com, TUIfly is also considering moving 350 maintenance jobs to Romania in order to reduce costs.

Read the full report: CLICK HERE

Copyright Photo: Paul Bannwarth/AirlinersGallery.com. TUIfly will reportedly drop its trademark yellow canary fuselages for the new TUI Group blue brand. Boeing 737-8K5 WL D-AHFY (msn 30417) lands at EuroAirport serving the Basel/Mulhouse/Freiburg area.

TUIfly: AG Slide Show