About: http://data.cimple.eu/news-article/bdd05aa6d56e55fc86b3d251aa2db34ad7f2d2d0c6d26d668282fa89

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/bdd05aa6d56e55fc86b3d251aa2db34ad7f2d2d0c6d26d668282fa89 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	German travel giant TUI on Thursday posted an annual loss of more than three billion euros as the pandemic devastated tourism, but the group said it was optimistic vaccines would boost travel demand in 2021. "The pandemic is not over, but there is light at the end of the tunnel and the prospects for tourism and for TUI are good," the world's largest tour group said in a statement. TUI swung to a 3.1 billion euros ($3.7 billion) loss for its 2019-2020 fiscal year, which ended on September 30, compared with a profit 416.4 million euros the previous year Annual revenues collapsed 58 percent to 7.9 billion euros, after the first wave of the coronavirus in the spring forced TUI to cancel flights, cruise holidays and close hotels across the globe. A recovery that began in the summer was cut short when a second wave of Covid-19 cases brought a new swathe of restrictions in many countries. TUI nevertheless expects activity to take off again in 2021 as governments ready for mass vaccination campaigns against Covid-19 that "will significantly increase demand for summer holidays in 2021". "2021 will be a transition year for tourism, and 2022 is expected to see a return to pre-corona levels," the company said. TUI currently has around 2.5 billion euros in cash, thanks to the release of a 1.8 billion euro public-private support plan earlier in December. The company already received a 1.2-billion-euro rescue package from the German government in August and a 1.8-billion-euro government loan in April. The Covid-19 crisis is set to have a lasting impact on the group. TUI began a vast restructuring plan in May, which includes scrapping 8,000 jobs worldwide and 20 percent of its aircraft fleet. "The rapid measures to cut costs and secure liquidity are important for the group," chief executive Fritz Joussen said. Over the past year, the company, which was already struggling before the pandemic in an evolving travel market, shrunk its payroll by 30 percent, from 71,000 to 48,000 people worldwide. fcz-edf/mfp/rl
schema:headline	TUI confident of travel recovery despite annual loss
schema:mentions	TUI AG Tunnel Pandemic Vaccine Severe acute respiratory syndrome coronavirus 2 Coronavirus disease 2019 Cruising (maritime) Transition Year Market liquidity
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-12-10 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	61 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 11 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software