German tourism firm TUI assessing impact of rival Thomas Cook’s bankruptcy

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German tourism firm TUI assessing impact of...
 © FamagustaGazette 2019
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...


This article was automatically added to our system 25-9-2019

German tourism firm TUI assessing impact of rival Thomas Cook’s bankruptcy


The contents of this article including any associated images are © FamagustaGazette 2019
Views & opinions expressed in this article are those of the author and/or FamagustaGazette .

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Article Tags: german, tourism, assessing, impact, rival, thomas, bankruptcy,