TUI AG : Q3 results and update on the Boeing 737 Max issue
TUI unveiled earlier this month Q3 results showing a net decline but were somehow better than expected on the profitability front. The impact of the Boeing 737 Max grounding was EUR -144m on Ebita during the period. The group continues to guide on extra-costs of EURÂ 300m maximum relating to the grounding for the current fiscal year (closing in September 2019). - Though the cash flows and balance-sheet metrics have deteriorated (mostly expected due to the Boeing Max issue), we do no...TUI is engaged in the tourism business, operating in some 180 countries. Co.'s segments include Hotels & Resorts, Cruises and Other Tourism. The Hotels & Resorts segment comprises all Group-owned hotels and hotel companies in TUI Group. The segment comprises majority participations in hotels, joint ventures with local partners, stakes in companies. The Cruises segment consists of Hapag-Lloyd Cruises and the joint venture TUI Cruises. Other Tourism segment comprises central functions such as destination services, IT, aviation control and the French airline Corsair.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.