Reuters - Video

Edition: US | UK | IN | CN | JP

video Business

Europe markets: TUI burnt by summer heatwave; Thomas Cook to dish up airline sale?

Thursday, February 07, 2019 - 01:23

Travel group Thomas Cook says it's willing to sell its profitable airline business to raise cash and fund its fight back from a torrid 2018. And, as David Pollard reports, tour operator TUI AG has slashed its earnings guidance after last summer’s hot weather put holiday makers off booking trips. The news led to a surge in the share price for one - but a dramatic sell-off for the other.

▲ Hide Transcript

View Transcript

Travel group Thomas Cook says it's willing to sell its profitable airline business to raise cash and fund its fight back from a torrid 2018. And, as David Pollard reports, tour operator TUI AG has slashed its earnings guidance after last summer’s hot weather put holiday makers off booking trips. The news led to a surge in the share price for one - but a dramatic sell-off for the other.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Europe markets: TUI burnt by summer heatwave; Thomas Cook to dish up airline sale?

Thursday, February 07, 2019 - 01:23