Along with most other business concerns, the travel industry is feeling the crunch of economic hard times. TUI Travel, the largest travel operator in Europe, reported this week that the company’s annual profits will be “at the bottom end” of projected estimates, and the news was reflected in the drop in share prices of almost [...]
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The global financial crisis hurt the travel industry enough in 2010, but the volcanic ash cloud that caused most European airlines to close for five days during April was symbolically simply an additional catalyst for disaster. This week, TUI Travel and Easyjet announced their costs from the volcano’s eruption with losses of £78.7 from Easyjet, which [...] |
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