TUIfly Nordic is the Scandinavian-based subsidiary of integrated tour operator TUI Travel. TUIfly Nordic has bases across major Scandinavian cities, including Copenhagen, Stockholm, Oslo, Helsinki, Bergen and Malmö. The carrier operates charter services to destinations in Turkey, Spain, Portugal, Mexico, Thailand, North Africa, the Mediterranean and the Atlantic Ocean.
Location of TUIfly Nordic main hub (Stockholm Arlanda Airport)
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The market for non-scheduled (charter) passengers in the UK and across Europe is in structural decline and this appears to be confirmed by recent data from the UK Civil Aviation Authority. The main beneficiaries have been the low-cost carriers as holiday-makers have developed the habit of assembling their own self-made package of flights, hotels, car hire and other services. Nevertheless, there is still a role for integrated tour operators, particularly for specialist, long-haul and other niche holidays. This is illustrated by TUI Travel’s recently reported expectation of a 10% increase in profit for FY2013.
However, neither TUI Travel nor Europe’s other major listed tour operator, Thomas Cook, has any plans to expand its fleet and Thomas Cook has even indicated that it is considering an asset light model, making more use of third party capacity. The Thomas Cook group continues to focus on its restructuring, an important element of which is its recent decision to integrate its four airlines into one. This could also be a precursor to selling its airline eventually as the travel companies focus on their distribution and destination management skills.
This second in a special two-part CAPA report looks beyond the headline-grabbing "big three" European LCCs to provide updates on more than 20 secondary low-cost operators. Part II reviews the progress at Monarch, NIKI, Pegasus Airlines, SkyExress, Smart Wings, Sun Express, Sverigeflyg, Thomson Airways, Transavia.com, TUIfly, Wind Jet and Wizz Air, following on from Part I which reviewed Air Southwest, Anadolujet, Atlastjet Airlines, Belle Air, Blue Express, Blue Air, bmibaby, CLICK4SKY, Flybe, Germanwings, Iceland Express and Jet2.com.
The German aviation market is a dynamic one, dominated by European giant, Lufthansa, and its host of subsidiaries, and also featuring Europe’s third largest LCC, Air Berlin, which has, like Lufthansa, also been pursuing an acquisition strategy. The market also features an assortment of smaller LCCs, regional airlines and charter carriers. The airline market is increasingly vibrant, but it was not always so. Dominated, as it still is, by Lufthansa and its satellites, competition was severely constrained until the late 1990s, when serious competition started to arrive in the form of new airlines, delivered a new scope of life under European Union principles of open skies.
Lufthansa is moving to consolidate its position in the German and European market, as its strong pbalance sheet enables it to take advantage of the expected wave of consolidation in the European market.