Weak demand

TUI gets €1.2bn more state aid as revenues plummet

"We will now sustainably reduce our costs and thereby strengthen our position in the market," says TUI CEO Fritz Joussen.
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 b

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