People on inflatable boats enjoy the weather on the Lake Lucerne in Sisikon, Switzerland, August 5, 2018. REUTERS/Denis Balibouse
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The European heat wave has left Germans and Brits with little appetite for more hot weather, leading to a dearth of late-summer holiday reservations and sending shares of travel giant TUI AG tumbling the most in two years.TUI shares fell as much as 9.7 percent, the steepest intraday decline since June 2016, and were trading 8.6 percent lower at 16.05 euros ($18.56) as of 11:18 a.m. in Frankfurt.While a sales surge earlier in the year helped TUI fill 86 percent of capacity, an increase on 2017, the company said the hot weather means it's unlikely to outperform a forecast 10 percent annual gain in underlying earnings before interest, tax and amortization.Ebita fell 13 percent to 193.4 million euros in the fiscal third quarter through June, while gaining for the nine months.
FOLLOW THIS ARTICLE