|Bid||11.09 x 41600|
|Ask||11.09 x 224000|
|Day's Range||10.64 - 11.57|
|52 Week Range||7.77 - 14.18|
|Beta (3Y Monthly)||1.05|
|PE Ratio (TTM)||13.88|
|Earnings Date||Feb 11, 2020|
|Forward Dividend & Yield||0.72 (5.78%)|
|1y Target Est||19.04|
Holiday company TUI Group said the grounding of its Boeing 737 MAX planes would continue to drag on profits, with a hit of up to 400 million euros possible in its 2020 financial year if the jet does not come back into service by May. The company, whose main rival Thomas Cook went out of business in September, said on Wednesday that earnings forecasts for the 12 months to end-September 2020 assumed a 130 million euro hit from the grounding.
TUI Group's annual earnings fell 26%, in line with a previously downgraded outlook, as Europe's biggest holiday company paid the price for its Boeing 737 MAX planes being grounded. The company, whose main rival Thomas Cook went out of business in September, said that it expected earnings to return to growth for the 2020 financial year, although it warned that the 737 MAX grounding would impact it by at least 130 million euros next year. TUI posted annual core earnings (EBIT) of 893 million euros in the 12 months to Sept. 30, and guided that earnings next year would be in the range of 950 million euros to 1.05 billion euros.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
In the wake of Thomas Cook's demise, if you think that the package holiday business is "screwed, it's over," as Ryanair boss Michael O'Leary believes, then you'd be wrong. At least, that's the case in two very important European outbound markets, the UK and Germany, where package holidays still have a solid foothold. In Asia, package […]
The British pound moved higher Tuesday as the U.K. Supreme Court ruled that the suspension of Parliament was unlawful, in a development that makes a no-deal Brexit less likely.
TUI rose 1.6%, extending Monday's rally, as the company said its trading has been "resilient" and that it reiterates its fiscal year underlying profit guidance that may fall as much as 26%. The company said it's assessing the short-term impact of Thomas Cook's insolvency.
Norwegian Air will stop flying from Ireland to the United States and Canada from mid-September as the routes had become commercially unviable, the company said on Tuesday. Europe's third-largest budget carrier had to lease replacement planes to service the routes since March due to the global grounding of the Boeing 737 MAX, a more costly option than flying its own planes. Having late last year announced plans to curb its rapid capacity growth and cut costs to stem losses, Norwegian more recently warned that the grounding of the 737 MAX, which makes up 11% of its fleet, may hamper its plans to return to profitability this year..
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Moody's Investors Service ("Moody's") has today downgraded the corporate family rating (CFR) of the British tourism group Thomas Cook Group plc (Thomas Cook or the company) to Ca from Caa2 and its probability of default rating (PDR) to Ca-PD from Caa2-PD. Moody's has also downgraded to Ca from Caa2 the rating on Thomas Cook's EUR 750 million senior unsecured notes due 2022 and downgraded to Ca from Caa2 its EUR 400 million senior unsecured notes due 2023 issued under Thomas Cook Finance 2 plc. The outlook remains negative. The rating action reflects the announcement that the company is in advanced discussions with Fosun Tourism Group and its affiliates (part of Fosun International Limited -- Ba2, stable) and Thomas Cook's core lending banks to respectively inject new funding of GBP750 million and exchange a significant amount of the company's existing debt into equity.
Even the best stock pickers will make plenty of bad investments. And there's no doubt that TUI AG (ETR:TUI1) stock has...