TUI Post Huge Profits.

05/12/2011

Despite serious troubles at their leading competitor, TUI, who own Thompson’s, have announced huge pre tax profits of £360 million, up 25% from last year.

TUI are the largest travel company in Europe, and have benefited from a broader range of products; so their exposure in places like Tunisia and Egypt was much less significant than for Thomas Cook. Peter Long, the chief executive of TUI Travel said: “These achievements reflect the strength of our strategy to increase differentiated and exclusive product sales, increase controlled distribution with a focus on online to enhance our customer access and reduce distribution costs, and our delivery of the turnaround and cost efficiency programmes”.

There had been controversy over an advert placed by Thompson’s, seemingly mocking Thomas Cook last week, but there are no formal plans to make the company apologise. Thompson fly from 20 UK airports, including London Luton to destinations all over the world. Book your parking at Luton airport through Park and Go to save money and time.