Wednesday, 18 March 2020

TUI temporarily suspends vast majority of all travel operations due to COVID-19

The TUI Group have temporarily suspended operations,  "TUI Group has decided, in line with government guidelines, to suspend the vast majority of all travel operations until further notice, including package travel, cruises and hotel operations. This temporary suspension is aimed at contributing to global governmental efforts to mitigate the effects of the spread of the COVID-19.".

Due to the unprecedented escalation of COVID-19, the Board of TUI are continuously evaluating the situation and are considering a variety of actions to support our customers, colleagues and stakeholders. The safety and welfare of our guests and employees worldwide remains of paramount importance 

The Group has cash and available facilities of approx. €1.4bn and year-to-date performance had been in-line with expectations prior to COVID-19. We are taking substantial cost measures to mitigate the earnings effect.

Moreover, we have decided to apply for state aid guarantees to support the business until normal operations are resumed.

For more information on the latest situation with TUI visit this page. 

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