TUI Travel revenue down 0.5% for 12 months ended Sep-2009; profit up 15.0%
TUI Travel reports (01-Dec-2009) the following financial highlights for the 12 months ended Sep-2009:
- Revenue: GBP13,863 million, -0.5% year-on-year;
- *Operating profit: GBP443 million, +11.0%;
- *Profit before tax: GBP366 million, +15.0%. [more]
TUI Travel: ‘‘We are very pleased with the performance of the Group in the second year as a merged company. Despite the challenging economic environment we have delivered strong earnings growth, demonstrating the resilience of our business model and the effectiveness with which we have delivered merger synergies,” Peter Long, Chief Executive of Tui Travel PLC. Source: TUI Travel, 01-Dec-2009.