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TUI Travel increases underlying operating profit in third quarter

Premium Analysis

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.

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