Thursday, August 12, 2021

Tui slashes summer holiday schedule despite bookings surge

Travel firm says flight reductions caused by customer uncertainty over UK coronavirus restrictions * Coronavirus – latest updates * See all our coronavirus coverage The travel company Tui Group has cut back its summer schedule amid the continued impact of British coronavirus restrictions, despite receiving 1.5m bookings for summer holidays since early May. The world’s largest tourism business said on Thursday that it had returned to generating positive cashflow for the first time in the pandemic thanks to an influx of customer deposits, in a statement to the stock market. It brought in €320m (£270m) in cash between April and June. Continue reading...