Latest news with #SebastianEbel
Daily Mail
14-05-2025
- Business
- Daily Mail
Holiday giant Tui sees shares dive 10% as summer sales slump amid weaker demand in Europe
Holidays giant Tui has suffered a slowdown in summer bookings due to weaker demand in Europe. Shares in Europe's largest travel agent tumbled 10.9 per cent as boss Sebastian Ebel warned of a 'challenging' year ahead. Tui, which last year abandoned London's stock market for Germany, blamed the 1 per cent drop in summer sales on a later Easter changing customer behaviour. UK bookings were in line with last year, it said, with 64 per cent of the total programme sold so far. Ebel said summer sales would probably reach 2024 levels, adding: 'Europe needs new momentum. 'We must return to an overall economy that is growing. More investment, more freedom – less regulation and less bureaucracy. This will strengthen the economy and consumer behaviour.' Tui losses widened to £174million in the second quarter, from £158.8million a year earlier, but that was less than the £188.5million expected by analysts.
Leader Live
14-05-2025
- Business
- Leader Live
Tui summer bookings slow as boss warns European economy ‘needs new momentum'
The company, which is Europe's largest travel operator, said summer sales are 1% down compared with the same point last year, with a pipeline of about 8.6 million bookings for the key holiday season. It said UK summer bookings are at the same point compared with 2024, just under two-thirds of its total offerings sold, while in Germany bookings were down 3% year-on-year. It blamed the overall slowdown partly on Easter falling later this year in April, which in turn pushed consumers' summer holiday bookings back and impacted its results for the six months to March. Nonetheless, shares fell on Wednesday, after airlines including British Airways-owner IAG reported stronger results for the first quarter of 2025. Chief executive Sebastian Ebel said that given recent economic 'uncertainties' the company's focus is on 'margin protection and cost reduction'. He said: 'Given the economic conditions, 2025 will be challenging. Europe needs new momentum. 'We must return to an overall economy that is growing. More investment, more freedom – less regulation and less bureaucracy. 'This will strengthen the economy and consumer behaviour.' Tui reported widening losses for the six months ending March 31, with reported losses coming in at 217 million euros (£182.6 million). Meanwhile, revenue over the same period rose by about 8% to 8.6 billion euros (£7.2 billion), partly helped by growing business in its cruise business, after it launched two new ships.
North Wales Chronicle
14-05-2025
- Business
- North Wales Chronicle
Tui summer bookings slow as boss warns European economy ‘needs new momentum'
The company, which is Europe's largest travel operator, said summer sales are 1% down compared with the same point last year, with a pipeline of about 8.6 million bookings for the key holiday season. It said UK summer bookings are at the same point compared with 2024, just under two-thirds of its total offerings sold, while in Germany bookings were down 3% year-on-year. It blamed the overall slowdown partly on Easter falling later this year in April, which in turn pushed consumers' summer holiday bookings back and impacted its results for the six months to March. Nonetheless, shares fell on Wednesday, after airlines including British Airways-owner IAG reported stronger results for the first quarter of 2025. Chief executive Sebastian Ebel said that given recent economic 'uncertainties' the company's focus is on 'margin protection and cost reduction'. He said: 'Given the economic conditions, 2025 will be challenging. Europe needs new momentum. 'We must return to an overall economy that is growing. More investment, more freedom – less regulation and less bureaucracy. 'This will strengthen the economy and consumer behaviour.' Tui reported widening losses for the six months ending March 31, with reported losses coming in at 217 million euros (£182.6 million). Meanwhile, revenue over the same period rose by about 8% to 8.6 billion euros (£7.2 billion), partly helped by growing business in its cruise business, after it launched two new ships.
Glasgow Times
14-05-2025
- Business
- Glasgow Times
Tui summer bookings slow as boss warns European economy ‘needs new momentum'
The company, which is Europe's largest travel operator, said summer sales are 1% down compared with the same point last year, with a pipeline of about 8.6 million bookings for the key holiday season. It said UK summer bookings are at the same point compared with 2024, just under two-thirds of its total offerings sold, while in Germany bookings were down 3% year-on-year. It blamed the overall slowdown partly on Easter falling later this year in April, which in turn pushed consumers' summer holiday bookings back and impacted its results for the six months to March. Nonetheless, shares fell on Wednesday, after airlines including British Airways-owner IAG reported stronger results for the first quarter of 2025. Chief executive Sebastian Ebel said that given recent economic 'uncertainties' the company's focus is on 'margin protection and cost reduction'. He said: 'Given the economic conditions, 2025 will be challenging. Europe needs new momentum. 'We must return to an overall economy that is growing. More investment, more freedom – less regulation and less bureaucracy. 'This will strengthen the economy and consumer behaviour.' Tui reported widening losses for the six months ending March 31, with reported losses coming in at 217 million euros (£182.6 million). Meanwhile, revenue over the same period rose by about 8% to 8.6 billion euros (£7.2 billion), partly helped by growing business in its cruise business, after it launched two new ships.
RTÉ News
14-05-2025
- Business
- RTÉ News
TUI posts slowdown in its summer bookings
Europe's largest travel operator TUI has today flagged a 1% drop in summer bookings, which knocked its shares down nearly 7% in early trading. TUI, which maintained its 2025 outlook, blamed the shift in summer bookings on a later Easter, which impacted most airlines' January to March reporting, But European carriers Air France-KLM and British Airways-owner IAG so far have reported a stronger January to March. In a statement, CEO Sebastian Ebel said that given economic conditions, 2025 will be "challenging". "Europe needs new momentum. We must return to an overall economy that is growing," he said. Aanalysts and investors pointed particularly to the German market as a weak link. "The weakness in Germany could suggest we move away from the top end of guidance (if trends continue)," analyst Ed Vyvyan at Redburn Atlantic said. A slowdown in bookings growth also hit TUI shares at the time of the group's last earnings report in February. "We are clearly facing a slowdown in the level of demand (at TUI), notably in Germany," Fehmi Ben Naamane, an analyst at ODDO BHF, told Reuters. TUI also today reported an underlying loss before interest and taxes of €206.8m in the January-to-March quarter, wider than the €188.7m loss it reported a year ago but narrower than the €224m expected by analysts polled by LSEG. Ebel said on a media call that booking momentum had picked up since May 1 and summer bookings would likely be on par with last year. "You can lose in winter and win in summer," Ebel told reporters, adding that the second quarter was the least important quarter of the year. TUI has sought to diversify its income, expanding in Asia and central Europe, in an effort to bring in new streams of revenue as fears grow over European demand. Ebel said it will likely take three years for the benefits of that strategy to show up in the TUI balance sheet, but that the company had managed to avoid losses tied to the new projects. The group said its quarterly revenues slightly improved year-on-year to €3.71 billion from €3.65 billion in the same quarter last year.
