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TUI Group: Air Berlin agreement to result in profitability in 2010

21-May-2009

TUI AG CFO, Rainer Feuerhake, stated the carrier expects to report a profit in 2010, due to its cooperation agreement with Air Berlin. The merger integration has already resulted in EUR59.3 million in synergies in the six months ended 31-Mar-09. [821 words]

Unlock the following content in this report:

Subheadings:

  • But agreement awaits anti-trust clearance
  • Appoints new Deputy Chairman
  • TUI management and union agree on short-time working deal
  • TUIfly Nordic selects Panasonic's in-flight entertainment system

Graphs and data:

  • German total capacity breakdown by carrier (seats per week as % of total)
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