Q3 financial results

TUI sells German brands as quarterly profits slump

TUI CEO Fritz Joussen has sold off two German tour operators.
TUI / Christian Wyrwa
TUI CEO Fritz Joussen has sold off two German tour operators.

TUI has sold two German specialist brands for €100 million to reduce dependence on the ‘volatile’ tour operator business as Q3 profits were hit hard by the B737 Max grounding.   Europe’s leading tourism group has sold Berge & Meer and Boomerang Re


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