Wistow_Red
Active member
So I've been informed by a reliable source in the aviation industry. Which is a pain as I'm supposed to be going on holiday with them next Wednesday.
Tui close to going bust? - A Rumour
- Thread starter Wistow_Red
- Start date
the_holgate_roof
Well-known member
Yeah, we are supposed to going with them to Mexico in Aug…..
RotherhamBoro
Active member
We're going with them in July from Manchester. Allegedly
Anton_Berg
Well-known member
They're backed by the German government, aren't they?
Cardiffdaffs
Well-known member
They are the largest package holiday travel company in the country. If they go that will be a disaster.
Cardiffdaffs
Well-known member
Firmly believe that the rumours are scare mongering. Analysts rates them stable after covid and signicant German support so Id be very surprised if they are anywhere near to collapsing.
Lightweight
Well-known member
The largest shareholder is a Russian oligarch who transferred ownership to his wife prior to his sanctions Link
BoroFur
Well-known member
The German government gave them a massive bail-out last year.
Zoophonic
Well-known member
This. If indeed there was the merest hint that they were in trouble there would be a market crash in their shares - which I cant see - and therefore I wouldn't start worrying too much if you are booked with them.
All airline shares are sliding. Lufthansa down 20% in the last 4 weeks. BA down 15%.
Andy_W
Well-known member
Everything's sliding, inflation/ recession/ bear market, could be a while before it picks back up.
TUI was a solid company before covid hit mind, and then could have done without Russia being knobheads, but they should pick back up, which is why I would expect if they hit any more trouble they should get another backer.
The_Lizards_Jumpers
Well-known member
Never used them and never had a need to. Flights and AirBnB mean I don't need to stay with the riff raff
You dont stay with riff-raff, but you stay in an Air b'n'b. Right......
Andy_W
Well-known member
Depends whether you want to be protected by ATOL, and also have a larger company to complain too, if anything went wrong. I do loads of trips as flights and separate booking, but major holidays always go with a big agent.Never used them and never had a need to. Flights and AirBnB mean I don't need to stay with the riff raff
I like TUI, they're reasonable on price, make it all very easy and you can have great confidence in knowing what you're going to get. In my experience they've been way better than any other holiday company.
Cardiffdaffs
Well-known member
I have absolutely nothing against package holiday companies. They take the hassle away and as you say ATOL protected.
The only advantage to booking direct with the airline is if they do cancel you go straight to the airline and certainly with the pandemic issues I got all my refunds pretty swiftly dealing direct. I also book direct using a credit card which offers you that consumer protection anyway.
The only advantage to booking direct with the airline is if they do cancel you go straight to the airline and certainly with the pandemic issues I got all my refunds pretty swiftly dealing direct. I also book direct using a credit card which offers you that consumer protection anyway.
changingman
Well-known member
Could have sworn they were close to the wall before Covid hit, or am I thinking of someone else?