http://www.tuitravelplc.com/

TUI Travel is one of the world’s leading leisure travel groups, with over 220 trusted brands in 180 countries and more than 30 million customers.

‘Making travel experiences special’ underpins everything we do and keeps our focus on providing the unrivalled choice, professionalism and confidence our customers and stakeholders can rely on, now and in the future.

Our business is grouped into three sectors, comprising many of the best loved and market-leading travel brands worldwide – Mainstream, Accommodation & Destinations and Specialist & Activity. From the most popular holiday brands to an unparalleled collection of specialist travel providers, we offer the breadth and depth of experiences and expertise for every conceivable type of traveller.

We are a truly global business, employing approximately 55,000 people and operating in 31 key source markets worldwide. As a dynamic, influential company we are committed to responsible leadership in the travel sector. Our head office is in the UK and TUI Travel PLC is listed on the London Stock Exchange as a member of the FTSE 100 and FTSE4Good indices with the ticker code TT.

I was rather hoping it will drag TCG along with it today, time yet.

Numis Add 381.30 384.00 400.00 425.00 Reiterates

Barclays Capital Overweight 381.30 384.00 445.00 445.00 Reiterates

Investec Sell 381.30 384.00 350.00 350.00 Retains

TUI Travel packages up record profits

By Jamie Nimmo

December 10 2013, 10:44am
TUI Travel packages up record profits

Strong demand for package holidays helped TUI travel (LON:TT.) report record figures for 2013, including a 21% rise in profits.

Europe’s biggest tour operator’s pre-tax profits for the 12 months to September 30 were £473mln from £390mln the year before on revenues of £15bn, up 4% from £14.5bn.

Around a quarter of revenues were generated through sun seekers booking package holidays online, with 12% growth in online package bookings.

Package holidays are seeing a particular renaissance in the UK. This year, underlying UK operating profits grew 27% to £251mln, while German profit growth was just as strong at 30% (£113mln).

The company said the winter performance is in line with expectations, with 60% of the overall programme sold. To counter social unrest in Egypt, TUI opted to shake up its winter offering and is offering fewer trips to the North African country than before.

Chief executive Peter Long said: “The year has been outstanding and highlights that our strategy of delivering unique holidays sold directly to our customers is the right one.

“We have once again reported record underlying profits across the business, significantly exceeding the top end of our growth roadmap target of 10%. This follows strong margins across the peak summer period, particularly in the UK and accelerated business improvement delivery.”

Investec repeated its ‘sell’ recommendation and 350p target price on the shares despite the slightly better than expected numbers.

It worries the group will struggle to meet guidance in the second half of 2014 after a tough winter.

TUI Travel shares dipped 0.5% to 382.1p each.

Broker snap: Investec cautious about TUI Travel guidance

Tue, 10 December 2013

Shares in TUI Travel dropped on Tuesday despite the leisure travel firm beating expectations with its annual results, with Investec reiterating it ‘sell’ rating after raising concerns about the upcoming winter season.

The company reported an underlying operating profit of £589m for the year to September 30th, up 13% year-on-year at constant currency and ahead of Investec’s £582m forecast.

The company also maintained its five-year guidance for annualised operating profit growth of 7-10% at constant currency.

“TUI’s results are slightly ahead of expectations and we welcome the flat summer 2014 current capacity plans,” said analyst James Hollins.

“However, one key takeaway is guidance of unchanged H1 2014E winter losses (the reported number is forecast to see higher losses due to the timing of Easter), placing pressure on H2 trading (tough comps) to meet the guided 7-10% year-on-year [operating profit] increase.”

He said that meeting this forecast is “not a stretch, but also not a guarantee”.

Investec currently expects TUI Travel to report an operating profit of £618m for the year to September 2014.

“This is +5% year-on-year against the reported FY13A figure, although our projection includes an element of negative currency translation and we are happy to remain at this level despite being below the 7-10% guidance range.”

TUI Travel: Deutsche Bank shifts target price from 355p to 360p retaining its hold recommendation.

A buy in this weeks IC - Tui Travel beats forecasts again.

Cost savings came through quicker than expected at TUI Travel (TT.) this year - about £46m in all - and, even without a £34m currency tailwind, underlying operating profit grew 13% in the year to £555 million. That comfortably beat both management's own target of 7-10% growth and upgraded expectations of ''at least '' 11% growth.

The shares have further to travel given a modest forward PE ratio of around 11 times and a proven ability to beat targets.

TUI Travel PLC (TT.:LSE) set a new 52-week high during today's trading session when it reached 413.10. Over this period, the share price is up 43.59%

TUI Travel (LSE: TT.L - news)

The leisure business is returning to health, and TUI Travel has benefited nicely with a 45.9p (12.5%) rise to 413.1p during the month. It's fallen back a little to 407p so far today.

Record (LSE: REC.L - news) results for the year to 30 September, released on 10 December, helped. The firm, which owns the Thomson and First Choice brands, reported a 20% jump in operating profit to £589m with earnings per share up 19% to 30.8p. The dividend was lifted by 15% to 13.5p per share, for a 3.7% yield.

Over the year the shares are up more than 40%, yet they're still on a forward P/E based on 2014 forecasts of a fairly modest 13.

TUI Travel raises profit guidance

By Ian Lyall

February 06 2014, 8:00am
Headed for the sun: TUI says January bookings were strong.



The restructuring of the operations in France and careful capacity management have allowed TUI travel (LON:TT.) to narrow its traditional first quarter loss.

For the year as a whole it is predicting operating profits will grow by between seven and 10% as it recorded a strong performance in the key January booking period.

Chief executive Peter Long said: "We are very pleased with our current position having reduced the operating loss in the first quarter against a strong prior year performance.

“We have delivered further efficiency savings in France and an improved result in specialist and activity.

“Our digital transformation continues to gather pace, with a very successful online performance across mainstream throughout the key January booking period.

“We also continue to see strong growth in our accommodation wholesaler business.

“Our strategy is delivering sustainable growth, with a robust business model focused on growing unique holidays and online distribution.”

The loss for the period to December 31 was £108mln, down £8mln on the same period a year earlier.

1st Quarter Results

RNS


RNS Number : 4062Z

TUI Travel PLC

06 February 2014








6 February 2014

TUI Travel PLC

("TUI Travel")



First Quarter Results ended 31 December 2013 and Interim Management Statement




·

Q1 underlying operating loss reduced by £8m to £108m1


·

Robust current trading with a strong performance in the key January booking period


·

Demand for our unique holidays continues to grow


·

Strong growth in online bookings


·

Confident of delivering full year underlying operating profit growth of between 7% to 10%2




Peter Long, Chief Executive of TUI Travel PLC, commented:



"We are very pleased with our current position having reduced the operating loss in the first quarter against a strong prior year performance. We have delivered further efficiency savings in France and an improved result in Specialist & Activity. Our digital transformation continues to gather pace, with a very successful online performance across Mainstream throughout the key January booking period. We also continue to see strong growth in our Accommodation Wholesaler business. Our strategy is delivering sustainable growth, with a robust business model focused on growing unique holidays and online distribution. Overall, trading remains in line with our expectations and we are confident of delivering 7% to 10% growth in underlying operating profit during the year2."



Highlights




·

Q1 Results





- Underlying operating loss reduced by £8m to £108m (Q1 2013: loss of £116m) against a strong prior year performance.







- France restructuring and capacity management helping to drive a reduction in operating loss.







- Strong trading in Accommodation Wholesaler continues, while Specialist & Activity has delivered an improved performance.




·

Robust current trading - strong performance in key January booking period





- Winter 2013/14 is closing out in line with our expectations - 85% of the programme sold, with higher average selling prices in most source markets.







- Pleased with Summer 2014 trading, in particular our performance in the key January booking period, with higher average selling prices and Mainstream volumes up by 1% against tough comparatives.







- Excellent online performance with Mainstream Summer 2014 online bookings up by 8%.







- Continued growth in sales of unique holidays which account for 74% of Mainstream Summer 2014 bookings, up two percentage points on prior year.




·

Accommodation Wholesaler growth





- Continues to build on its global leadership position.







- TTV up by 45% in early Summer 2014 trading.




·

Growth roadmap





- In the second year of our five-year growth roadmap our strategy continues to deliver and we remain confident of achieving our growth targets.

7 Feb Exane BNP... 400.00 Neutral
7 Feb Deutsche Bank 395.00 Hold

TUI Travel: Barclays ups target price from 445p to 500p reiterating an overweight rating.

Trading Statement
26 Mar 14 TUI Travel PLC [TT.]

Holiday firms TUI travel and Thomas Cook, as usual, issue trading updates in the same week, making comparisons very easy.

UBS expects TUI travel to confirm guidance for the first half of the year (H1) in its trading update, and to maintain its target for 7-10% earnings before interest and tax (EBIT) growth for the full year.

“We expect the EBIT loss for H1 to be slightly smaller than for the same period last year, benefitting from the timing of Easter,” the Swiss bank said. As for Thomas Cook, UBS expects trading to be broadly in line with the interim management statement released on 11th February, with summer bookings developing on a par with expectations.

“We will likely hear more on the progress of the cost saving programme,” UBS suggests



http://www.proactiveinvestors.co.uk/companies/market_reports/66919/week-ahead-wolseleys-growth-to-be-hampered-by-fx-headwinds-0000.html

Trading Statement

Highlights


Robust Modern Mainstream model

- Winter 2013/14 trading closing out as expected, with higher average selling prices across most of our key source markets.


- Summer 2014 bookings are flat against tough comparatives, with strong pricing and approximately 45% of the programme sold.


- Pleased with trading, particularly in the UK and Germany.


- France on track to reduce operating losses through restructuring and
capacity management.

Unique holidays driving demand


- Rising demand for unique holidays continues and now accounts for 72% of
Mainstream Summer 2014 bookings, up two percentage points on prior year.




- Strong online performance with Mainstream Summer 2014 online bookings up by
8%.

Accommodation Wholesaler growt


- Accommodation Wholesaler continues to build a global leadership position with TTV up by 33% for Summer 2014.




http://www.moneyam.com/action/news/showArticle?id=4779446

Tui Travel and Thomas Cook report interims on 13 May and 15 May. In Shares - rising consumer confidence should give Thomas Cook and TUI a boost.

Interim Results

Interim Results for the six months ended 31 March 2014

STRONG H1 PERFORMANCE

· Continued momentum in unique holidays, booked increasingly online
· Flexible, resilient business model ensures that we continue to deliver profitable growth
· Pleased with Summer 2014 trading overall
· Remain confident of delivering full year underlying operating profit growth of between 7% to 10% on a constant currency basis1,2

TUI Travel: Panmure Gordon ups target price from 475p to 500p keeping a buy recommendation.

Another victory for air passengers: Court ruling on flight delay compensation loophole could cost Thomson and Jet2 millions

Thomson told it must pay out for flight delay claims over two years old
It warns it could mean fare rises, a claim rubbished by aviation lawyers
BA, Virgin and easyJet all allow claims to date back six years
Package holiday firm confirms it intends to appeal the decision

http://www.dailymail.co.uk/money/holidays/article-2662315/Victory-passengers-ruling-flight-delay-loophole.html

Passengers still face a wait for flight delay compensation from Thomson despite court ruling boost


By Adam Uren

Published: 13:40, 20 June 2014 | Updated: 13:40, 20 June 2014

Passengers wrongly denied compensation by Thomson for lengthy flight delays will not have their cases reviewed yet as the airline intends to appeal a landmark court decision made yesterday.

Thousands of compensation claims have been put on hold by the package holiday provider while it took to the Court of Appeal to fight a county court ruling it lost last year.

Yesterday judges ruled that Thomson cannot impose a two-year time limit on compensation claims, and instead passengers should have six years from the date of their delayed flight to claim, as per UK statute of limitations rules - and five years in Scotland.




Ruling: The Court of Appeal rejected Thomson's attempt to continue imposing a two-year limit on flight delays.

Ruling: The Court of Appeal rejected Thomson's attempt to continue imposing a two-year limit on flight delays.



But the airline has said that for now it will still only process claims for delays that happened within the last two years, as it plans on making an appeal bid through the Supreme Court.

It will mean another frustrating wait for passengers, some of whom have been waiting for almost a year for the court's decision, as well as the many who were rejected for compensation years ago by the airline.




More...
Another victory for air passengers: Court ruling on flight delay compensation loophole could cost Thomson and Jet2 millions
Revealed: Legal 'loophole' airlines use to refuse flight delay compensation that won't stand up in court
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A Thomson spokeswoman said that the ruling won't mean any changes to its compensation policy - for now at least.

She said: 'We are disappointed with the judgement and intend to appeal, therefore we will continue to process claims as we are currently.'


Flight delay lawyers Bott & Co said the court decision would see Thomson and Jet2 - which has also used the two-year limit - pay out millions to customers who had been rejected because they waited too long to make their claim under European Commission rule 261/2004.

Regulation 261 gives passengers delayed more than three hours the right to up top €600 compensation, provided the delay wasn't caused by extraordinary circumstances such as extreme weather, civil unrest, or industrial action.

Thomson and Jet2 argued that international aviation law under the Montreal Convention states that claims for compensation must be brought within two years.

But European Commission law states that the time limit depends on the laws of each member state, which in the UK is the six-year statute of limitations.

Bott & Co represented James Dawson in the case, who was delayed by eight hours on his Christmas Day flight from Gatwick Airport to the Dominican Republic in 2006 because there wasn't enough staff to man the flight.

The firm said that anyone who has been delayed on a flight should submit their claims as soon as possible after their return if they think they have a case for compensation.