German tourism firm TUI assessing impact of...
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Europe’s largest tourism group TUI announced that it is assessing the short-term impact of British travel giant Thomas Cook’s bankruptcy, saying its own business model “proves to be resilient.” “We are currently assessing the short term impact of Thomas Cook’s insolvency under the current circumstances, on the final week of our FY19 financial result,” Friedrich Joussen, CEO of the Hanover-headquartered travel and tourism company, said in a statement. Noting that the TUI’s vertically integrated...
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