TUI AG : Widening of quarterly loss expected in Q1 – Several elements warrant monitoring
>Widening of quarterly loss expected in Q1 - TUI is due to report its Q1 2019-20 results (to end-December 2019), on Tuesday before the market open. This publication will be particularly closely monitored, given the current newflow. We will be paying very close attention to bookings for the summer season, generally and at this time, visibility is relatively clear with close to one-third of the programme already sold. The bookings level should also give us some idea of ...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.
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