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☆ A bachelor party — including a groom in fancy dress as a pilot — delayed their flight 3 hours after harassing staff and passengers, reports say
▼ + stars: | 2023-06-26 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Seven passengers on a bachelor party trip to Bulgaria harassed crew and passengers, WalesOnline reported. The seven revelers — including the groom-to-be dressed in a pilot costume — then began swearing as other passengers told them to quiet down, witnesses told the news outlet. "Another stewardess then approached them to warn them over their behavior and they cheered her loudly and wolf-whistled her," one passenger told WalesOnline. One person told WalesOnline everyone had to give their names to a TUI employee before they all had to deplane. We can confirm the flight was delayed due to disruptive passengers on board the flight," a TUI spokesperson told The Mirror.

Persons: WalesOnline, — Organizations: Morning, Boeing Locations: Bulgaria, deplane, Sunny Beach, Cardiff

☆ Pent-up demand promises record tourist season for southern Europe
▼ + stars: | 2023-05-19 | by ( Giselda Vagnoni | ) www.reuters.com time to read: +6 min

What's more, there appears to be growing demand for the luxury end of the spectrum. Portugal registered more than 2.8 million of foreign visitors from January to March, the best first quarter on record, according to official data. Airlines such as Lufthansa, easyJet and Ryanair have confirmed robust summer bookings while Ryanair, in anticipation of strong demand, has just ordered 150 new 737 Max-10s and optioned another 150. Italian travel and tourism company Alpitour forecasts turnover 30% higher this year. "We already see a very strong demand to book Christmas holidays in 2023.

☆ Boeing has unveiled a new plane for its 'ecoDemonstrator' program — a modified 787. See all 10 of the company's testbed jets.
▼ + stars: | 2023-05-03 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

Boeing announced a new addition to its fleet of ecoDemonstrator aircraft on Thursday — a Boeing 787-10 Dreamliner. While not every experimental technology makes it onto a future Boeing jet, about a third actually have. 2014: Boeing 787Boeing 787 ecoDemonstrator. BoeingIn 2014, the planemaker debuted its second ecoDemonstrator — a Boeing 787 Dreamliner. The 787 ecoDemonstrator tested 35 projects, including a collaboration with Delta Air Lines to generate real-time turbulence reports.

☆ London's FTSE 100 climbs ahead of Easter break
▼ + stars: | 2023-04-06 | by ( Sruthi Shankar | ) www.reuters.com time to read: +2 min

The FTSE 100 (.FTSE) rose 0.5% and is on course to end the holiday-shortened week about 1% higher, with gains in oil & gas and healthcare stocks offering support. Shell (SHEL.L) rose 1.7% as the energy giant forecast higher liquefied natural gas (LNG) output in the first quarter. The midcap FTSE 250 index (.FTMC) rose 0.2%, with London-listed shares of travel firm TUI jumping 7.2% after sharp losses this week. "The report noted mortgage rates have continued to trend downwards, housing transactions have picked up slightly and the employment market remains robust. We still see challenges ahead as affordability remains under pressure," said Derren Nathan, head of equity research at Hargreaves Lansdown.

☆ Private equity finds silver lining in Asia Pacific
▼ + stars: | 2023-03-28 | by ( ) www.reuters.com time to read: +2 min

MELBOURNE, March 28 (Reuters Breakingviews) - It’s hard working in Asia-Pacific private equity these days. On Monday Brookfield Asset Management (BAM.TO) and MidOcean Energy agreed to take Australia’s Origin Energy (ORG.AX) private for A$18.7 billion ($12.5 billion). A few days earlier Toshiba’s (6502.T) board tentatively backed Japan Industrial Partners’ $15.3 billion offer. Origin’s buyers, which plan to split the business in two, had already made three offers before Origin accepted. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Credit Suisse investor’s exit will zip some lips
▼ + stars: | 2023-03-27 | by ( ) www.reuters.com time to read: +2 min

LONDON, March 27 (Reuters Breakingviews) - The fate of Saudi National Bank’s (1180.SE) chairman may persuade other investors to maintain radio silence for a while. Asked by a television interviewer whether Saudi National Bank would invest more money into Credit Suisse, Al Khudairy replied “absolutely not”. Although SNB lost more than $1 billion on its Credit Suisse investment, Gulf investors are unlikely to stop investing in banks globally. Indeed, the Saudi bank was part of an investor group that proposed injecting around $5 billion into Credit Suisse as an alternative to the UBS deal, the Wall Street Journal reported. But big bank investors may avoid appearing on live television for a while.

☆ EU single market remains short of a single patent
▼ + stars: | 2023-03-27 | by ( ) www.reuters.com time to read: +2 min

While it’s good the EU is moving forward, a single patent can’t fulfill its promise without full participation. The European Patent Office holds fifth place. Billions of euros remain out of reach because the EU is strong on research but weak in finding market success. Seeking an EU patent via separate applications across Europe costs about 20,000 euros, compared to an estimated 6,000 euros under the new system. For Europe to be more than the world’s technology incubator, its single market needs more tools that are fully subscribed.

☆ Tui’s pandemic payback sets path for takeoff
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +2 min

BRUSSELS, March 24 (Reuters Breakingviews) - Tui’s (TUI1n.DE) 1.8 billion euro capital raise releases it from government clutches and sets it up for brighter skies. The travel operator said on Friday it plans to issue new stock to raise 1.8 billion euros, at the high end of the 1.6 billion to 1.8 billion euros flagged in December by Chief Financial Officer Mathias Kiep. Like many travel companies Tui required funds to keep it afloat during the pandemic when holidays were cancelled and flights were grounded. The 2.7 billion euro company received a staggering 4.3 billion euros of German state aid during the Covid-19 outbreak and is repaying much of the remaining 2.6 billion euros of debt with its fresh funds. Tui’s revenue is expected to soar by over 17% this year to top 19 billion euros, according to Refinitiv estimates.

☆ Trustbusters pick fight that can make friends
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +2 min

CHICAGO, March 24 (Reuters Breakingviews) - After a year of fighting losing battles, one of the United States’ biggest trustbusters is taking on a fight where it will be easy to find support. The Federal Trade Commission proposed new rules on Thursday that would make canceling subscriptions less burdensome for consumers. That’s in stark contrast to the complex, lengthy and occasionally contentious — and unsuccessful — antitrust fights the commission had been waging. The agency is seeking a rule change, not a legal fight. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Microsoft’s Activision sweet talk
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +2 min

The seller’s shares rose 5% on the news Friday, but hurdles remain. Unlike the European Commission, which seems minded to approve the deal, and the U.S. Federal Trade Commission, which is opposed but has a mixed success rate, a CMA block would likely be fatal. So Microsoft pressed its case, submitting data that the agency says shows it has no incentive to yank Activision’s games from rival consoles to its Xbox. Still, Microsoft’s arguments gaining traction is welcome news to merger arbitrageurs. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ London stocks fall as fears of a banking crisis linger
▼ + stars: | 2023-03-24 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

SummarySummary Companies Banks fall as fears of a banking crisis spikeEnergy down tracking lower oil pricesUK Feb retail sales rise unexpectedlyFTSE 100 down 1.4%, FTSE 250 off 1.0%March 24 (Reuters) - London stocks fell on Friday, dragged by energy shares that tracked oil prices lower, while banks extended declines at the end of a turbulent week as fears of a global banking crisis lingered. The blue-chip FTSE 100 (.FTSE) fell 1.4%, extending losses after a near 1% drop on Thursday. British banks (.FTNMX301010) lost 2.7%, falling for a third straight session, joining their European peers in Friday's slide. Energy majors Shell (SHEL.L) and BP (BP.L) fell 2.5% and 2.5%, respectively, dragging the broader energy sector (.FTNMX601010) down 2.5%, as oil prices extended losses on worries about a potential oversupply. Reporting by Shashwat Chauhan in Bengaluru; Editing by Subhranshu Sahu and Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ An airline has offered passengers counseling after a flight was diverted when it was hit by 'severe wind-speeds' and high turbulence
▼ + stars: | 2023-03-20 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

TUI has offered counseling to passengers on board a diverted flight, per an airline spokesperson. The flight from Tenerife to Manchester was hit by "severe wind-speeds" during its descent. One passenger told Manchester Evening News people on board were "screaming" and "crying." Passengers were "screaming" and "crying" during the incident, one traveler on board the flight, Gareth Slater, told Manchester Evening News. Earlier this month, a Lufthansa flight from Austin to Frankfurt was forced to make an emergency landing after severe turbulence.

☆ KLM, airline industry to fight Schiphol Airport flight cap in court
▼ + stars: | 2023-03-03 | by ( Tosterling Charlotte Campenhout | Charlotte Campenhout | ) www.reuters.com time to read: +3 min

AMSTERDAM, March 3 (Reuters) - KLM and other airlines on Friday said they are suing the Dutch government over plans to cap the number of annual flights allowed at Amsterdam's Schiphol Airport, saying it would hurt them, the Dutch economy and travellers. Others joining the KLM suit include Delta Airlines, easyJet, TUI and Turkey's Corendon Airlines. But the decision to cap the flights cited noise and air pollution concerns, not traveller's' distress. Schiphol Airport Group, which was also issued a summons in the KLM-led case, said it "regretted" the suit. Last month the airport said it would impose a 66,000 passenger per day cap for the 2023 May vacation period due to still-unresolved labour shortages.

☆ TUI sees strong summer bookings as travel recovery gains momentum
▼ + stars: | 2023-02-14 | by ( Joanna Plucinska | ) www.reuters.com time to read: +2 min

LONDON, Feb 14 (Reuters) - Holiday group TUI (TUIGn.DE), said on Tuesday it was seeing a positive travel recovery trend for the upcoming summer season as holidaymakers make plans to enjoy their breaks following a pandemic hiatus. Upcoming bookings for the 2023 winter and summer seasons hit 8.7 million. Low-cost airlines such as Ryanair, Wizz Air and easyJet all reported strong summer bookings earlier this year. Revenue improved by 1.4 billion euros to 3.8 billion euros year-on-year, with a growth of around a million guests to 3.3 million from the previous quarter. Separately, TUI shareholders are expected later on Tuesday to vote on a capital increase plan to repay Germany's Economic Stablisation Fund.

☆ European shares up as travel stocks shine, Thyssenkrupp slides
▼ + stars: | 2023-02-14 | by ( Shreyashi Sanyal | ) www.reuters.com time to read: +3 min

The continent-wide STOXX 600 index (.STOXX) rose 0.4%, while European travel & leisure stocks (.SXTP) advanced 0.8%. TUI's German-listed shares (TUIGn.DE) rose 2.5%, with its shares listed in London adding 2.5% after the company reported more bookings and higher first-quarter revenue. In Europe, a flash reading of fourth quarter GDP is also on the radar on growing hopes that the euro zone economy most likely avoided a recession. The STOXX 600 has risen over 9% so far this year led by better-than-expected earnings and a brighter outlook for the euro zone economy. Reporting by Shreyashi Sanyal in Bengaluru; Editing by Savio D'Souza and Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

☆ Cheaper hotels, shorter trips: Trivago CEO on how inflation is reshaping travel
▼ + stars: | 2023-02-14 | by ( Julia Horowitz | ) edition.cnn.com time to read: +3 min

But as inflation has jumped, many tourists are hunting for ways to keep costs down, from opting for shorter trips to steering clear of higher-end hotels. “You have real wage contractions in quite a lot of markets,” Axel Hefer, CEO of search platform Trivago, told CNN. Meanwhile, domestic travel remains strong in countries like the United Kingdom, which has seen big swings in the pound in recent months. “People still do want to travel and do travel, but they’re still trying to compensate for the increase in prices,” Hefer said. For now, bookings for air travel still lag pre-pandemic levels.

☆ TUI: Luxury holiday demand boosts sales
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Jan 20 (Reuters) - Travel giant TUI (TUIGn.DE) reported on Friday a boost in demand for luxury holidays, driving sales for the winter 2022/23 period higher than they had been in the corresponding 2018/19 period, before the COVID-19 pandemic hit international travel. "Demand is currently particularly strong," said Steffen Boehnke, director of airtours, TUI's luxury travel segment, in a statement. Sales for the summer 2023 period were above the level seen last year following strong bookings in the first weeks of January, according to the statement. "Our guests are booking more high-quality and for longer," said Boehnke, adding that trips were two and a half days longer on average and that around one in four travellers were choosing accommodation with villas or suites with a private pool. Reporting by Klaus Lauer, Writing by Rachel More, Editing by Maria SheahanOur Standards: The Thomson Reuters Trust Principles.

☆ Airline passengers were left in the wrong country overnight due to staffing issues
▼ + stars: | 2022-12-21 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Passengers on a TUI flight were delayed in Tenerife overnight due to staffing issues. Passengers were told airline staff had reached their maximum working hours, per the Liverpool Echo. All airline staff have mandated working hours to prevent them from working when fatigued. The flight was then delayed overnight and passengers were taken to hotels on the island, one passenger told the Liverpool Echo. A spokesperson for TUI told Insider: "We understand the frustration of customers on flight TOM439, who were delayed overnight in Tenerife."

☆ EU Commission demands Uniper dispose of Dutch business - Handelsblatt
▼ + stars: | 2022-12-12 | by ( ) www.reuters.com time to read: 1 min

TUI hopes for strong summer for travel despite inflation, article with imageEuropean Markets category · December 12, 2022 · 11:04 AM UTCTUI , the world's largest holiday company, is seeing growing demand for travel despite the energy crisis and double-digit inflation, the company said on Monday, as it sets its sights on strong business in the summer of 2023.

'REFUGE FOR WINTER' AND BEYONDVisitors and more permanent residents are also arriving from Germany, which was highly dependent on Russian gas before the Ukraine war and is anxious about possible winter energy shortages. Airlines will increase by 31% the number of seats available to the Canary Islands, the regional tourism office said. Airbnb, the short-term rentals firm, said searches for winter stays in southern Europe tripled between April and June. "Even before the energy crisis, we would have liked to be in Portugal because of the weather," the 28-year-old said. "But with the energy crisis, (being in Portugal) gives us more security because of the climate."

☆ European markets head for positive open, following global trend higher
▼ + stars: | 2022-09-20 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a positive open on Tuesday following broadly higher trade on Monday as stocks recovered from tough week last week which saw stocks fall across the board. The U.S. Federal Reserve's two-day monetary policy meeting, which begins Tuesday, is at the forefront of global investors' minds. Markets expect a 75-basis-point rate hike as the central bank strives to get soaring prices under control. It's a quiet day for earnings and data releases in the region, although Kingfisher and TUI Group release their latest earnings and Germany publishes producer price data for August.

☆ Flights briefly disrupted at UK's Luton airport as heat damages runway
▼ + stars: | 2022-07-18 | by ( ) www.reuters.com time to read: +2 min

LONDON, July 18 (Reuters) - Flights to and from Britain's London Luton airport were temporarily disrupted on Monday after soaring temperatures caused a defect in its runway, prompting airlines to delay or divert their planes. read moreThe airport said its runway had reopened at 1705 GMT, after earlier suspending flights at 1522 GMT. Some 14 flights due to land at Luton were diverted to other airports including Gatwick and Stansted on Monday afternoon, according to FlightRadar24 data. That total included 14 Wizz flights heading to European holiday destinations including Tenerife and Dubrovnik, and 16 EasyJet arrivals. A spokesperson for Ryanair said it had not cancelled any flights to or from Luton, but had diverted a small number to London Stansted Airport due to the runway defect.

☆ Noua tulpină de coronavirus din Marea Britanie duce la prăbușirea burselor europene
▼ + stars: | 2020-12-21 | by ( ) www.jurnal.md time to read: +1 min

Indicele londonez FTSE a scăzut cu 1,1%, în timp ce lira sterlină s-a scufundat. Indicele german DAX a scăzut cu peste 3%, CAC 40 din Paris cu 3,13% iar AEX din Amsterdam inregistra un minus, la ora transmiterii știrii, de 3,01%. Canada, precum și Germania, Italia și Olanda, au dispus suspendarea zborurilor din Marea Britanie, în timp ce interdicția Franței includea și transportatorii de mărfuri, scrie digi24.ro. Operatorul de croazieră Carnival Corp a pierdut 6,4%. Îngrijorările legate de noua tulpină de virus au eliminat posibilele efecte ale acordului din Congresul american privind un pachet de ajutor fiscal în valoare de 900 miliarde de dolari, care va fi votat luni.

Persons: DAX Organizations: Mediafax, BET, British Airways, Lufthansa, Corp, BP, Total, Royal, Shell, Congresul american Locations: Paris, Amsterdam, București, Canada, Germania, Italia, Olanda, Franței, Frankfurt

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