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Cook improves the books
Joussen wants One TUI

Thomas Cook

New financing and higher profits

A new £1.6 billion financing plan and better half-year results have boosted Thomas Cook’s share price and recovery prospects. more

TUI AG

Joussen targets higher profits and closer cooperation

TUI chief executive Fritz Joussen has unveiled a new ‘One TUI’ action plan designed to improve profitability by reducing head office jobs, achieving much better results in the hotel and cruises businesses, and stepping up cooperation between TUI Travel and the other TUI businesses to intensify vertical integration. more

Air Berlin

Negotiations over TUI jets

Air Berlin is to hold talks with top TUI executives over jets wet-leased from the tourism group under a long-term contract as it seeks to reduce operating costs further after higher losses in the first quarter. more

Budget flights

Norwegian to launch Germany-Spain flights

Norwegian Air Shuttle, the fast-growing low-cost carrier, is entering the highly-competitive German market with flights to Spain from October onwards. more

TUI Travel

UK and Scandinavia outpace Germany

TUI Travel is growing faster in the UK and Scandinavia than in Germany for summer 2013 bookings, according to the company’s half-year results. Higher full-year profits are now expected due to strong summer bookings. more

FVW Mediengruppe

New company management

Deutscher Fachverlag (dfv) has named a new management team for FVW Mediengruppe, publisher of fvw, after taking over the company earlier this year. more

German market trends

Double-digit sales rise in April

Travel agents in Germany were showered with bookings last month as sales grew at a double-digit rate, according to the latest market survey by researchers GfK. more