国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Grounding of Boeing 737 Max weighs on German travel firm TUI's Q3 profits

Source: Xinhua| 2019-08-13 22:26:44|Editor: Shi Yinglun
Video PlayerClose

BERLIN, Aug. 13 (Xinhua) -- The worldwide grounding of Boeing's 737 MAX 8 aircrafts had weighed heavy on TUI's operational profits in the third quarter of fiscal year 2019 (Q3), the German tourism giant revealed on Tuesday.

"Despite the challenging environment in 2019 to date, our underlying business remains robust," said TUI CEO Fritz Joussen in a statement.

Adjusted earnings before interest, taxes and amortization (EBITA) declined by 46 percent to 100.9 million euros (113.2 million U.S. dollars), TUI announced.

The decline was "in particular due to the impact of 144 million euros as a result of the grounding of the 737 Max", according to Europe's largest tourism company.

Following two airplane crashes within months in Indonesia and Ethiopia caused by software problems of the 737 Max 8's emergency system leaving 346 people killed, all aircraft of this type were banned from flying by countries around the world.

As a consequence of the grounding, TUI had "launched a number of measures" such as providing replacement aircrafts "until the end of the summer season", it said.

In total, TUI is anticipating expenditures linked to the 737 Max 8 grounding to amount to around 300 million euros for the full fiscal year 2019.

TUI's Q3 business had been burdened further by "delayed customer bookings driven by the summer 2018 heatwave, the continued Brexit uncertainty and considerable aviation overcapacity to Spanish destinations continued in the third quarter".

According to TUI, its turnover had increased by 3.7 percent to 4.8 billion euros in the quarter between April and June.

TUI had already cut its business outlook for the fiscal year 2019 back in March after the first groundings of the Boeing 737 Max 8 aircraft and the provision of "additional flight capacities".

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001383067051
主站蜘蛛池模板: 阿拉善右旗| 东海县| 本溪市| 虹口区| 阳新县| 隆昌县| 泸溪县| 武安市| 夏河县| 林芝县| 灵山县| 秦皇岛市| 江口县| 辉南县| 青铜峡市| 铁岭县| 綦江县| 前郭尔| 平顺县| 柘荣县| 南安市| 嘉禾县| 象山县| 双鸭山市| 武鸣县| 荆州市| 浦城县| 乐都县| 习水县| 濮阳县| 建宁县| 辽中县| 鄯善县| 新干县| 泊头市| 南郑县| 双辽市| 卫辉市| 墨竹工卡县| 长寿区| 台中市|