Weak demand
TUI / Christian Wyrwa 
"We will now sustainably reduce our costs and thereby strengthen our position in the market," says TUI CEO Fritz Joussen.
TUI has secured a further €1.2 billion from the German government after revenues crashed by 98% and losses hit €1.5 billion in the April–June 2020 ‘corona pandemic’ quarter when business came to a standstill.
With few hopes of significantly better demand in the coming months, Europe’s biggest tourism group is now cutting capacity for next winter as
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