Tui Travel 1st Half Pretax Loss Widens To GBP419 Million
11 Mai 2010 - 8:38AM
Dow Jones News
Travel operator TUI Travel PLC (TT.LN) Tuesday reported a
slightly widened underlying pretax loss and said that
notwithstanding disruption around the closure of European airspace
in April, it continues to be pleased with trading for Summer
2010.
MAIN FACTS:
-Revenue for year ended March 31 GBP4.93 million (2008: GBP5.38
million)
-Underlying operating loss GBP314,000 (2008: loss
GBP289,000)
-Operating loss GBP364 million (2008: loss GBP412,000)
-Underlying pretax loss GBP367,000 (2008: loss GBP333,000)
-Pretax loss GBP419,000 (2008: loss GBP456,000)
-Full operations resumed after 12 days of disruption caused by
the airspace closure; estimates impact to be around GBP90 million,
which will be separately identified in the third quarter.
-Trading was strong until the disruption caused by the airspace
closure in April and cumulative booking volumes remain above the
prior year in most source markets;
-Demand has improved again in May, following a slowdown after
the disruption.
-Board proposes an interim dividend of 3.2 pence (1H 09: 3.0
pence), an increase of 7%.
-Despite the impact of the disruption, expects positive momentum
in the second half of the year
-Excluding the impact from the volcanic ash disruption, remains
confident to meet the Board's original expectations for 2010.
-Shares closed Monday at 258.7 pence.
-By Iain Packham, Dow Jones Newswires; 44-20-7842-9269;
iain.packham@dowjones.com
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