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TUI Travel increases underlying operating profit in third quarter

19-Aug-2009

TUI Travel Group remains well positioned to meet the expectations of its Board of Directors for the fiscal year ending 30-Sep-09 after reporting a good performance in 3Q2009. In its third fiscal quarter, ended 30-Jun-09, the Group’s underlying operating profit increased by GBP37 million to GBP102 million, representing a 1.1 ppts improvement in operating margin. Revenue dipped just 1.0%, despite mainstream passenger numbers slumping 14.0% year-on-year in the period. [967 words]

Unlock the following content in this report:

Subheadings:

  • Integration costs still a burden
  • Outlook: Hedged to reduce exposure, while late booking trend continues

Graphs and data:

  • TUI Travel financial highlights for three months ended 30-Jun-09
  • TUI Travel financial highlights for nine months ended 30-Jun-09
  • TUI Travel foreign exchange and fuel hedged position: as at 07-Aug-09
  • TUI Travel booking volumes: Summer Programme 2009
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