Aviation Strategy

Thomas Cook and TUI: Big Two tour operators evolve under pressure — March 2019

Thomas Cook and TUI — the last surviving AIT giants in Europe — both posted poor first quarter results for their latest financial years. On top of the relentless decline in the traditional all-inclusive tour market, they now face headwinds from Brexit uncertainty — and with both facing mounting debt piles, at least one of them is contemplating a virtual fire sale of its aviation assets. ……

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