EANS-Adhoc: TUI AG
Eruption of Eyjafjallajokull Volcano, Iceland
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
Operational business
19.04.2010
Hanover, 19 April 2010. TUI Travel PLC, a subsidiary of TUI AG, has today announced the following information regarding the impact of the eruption of the volcano in Iceland:
"TUI Travel confirms that on Sunday 18 April 2010, it had approximately 100,000 customers who were due to have returned home from holiday, but have been unable to as a result of the closure of much of Northern Europe´s airspace since Thursday 15 April 2010, caused by volcanic dust in the atmosphere.
The welfare of our customers is paramount and the Group is providing appropriate assistance to all those in resort whose return home has been delayed.
For the Group, this is a period of relatively low holiday activity, but the disruption to our programmes will still have a financial impact. Currently, the estimated cumulative cost to the Group, up to and including 18 April 2010, is circa £20 million. Estimated daily costs thereafter will run at approximately £5 million - £6 million. These cash costs are one-off in nature and will be disclosed accordingly in our next Interim statement."
TUI AG currently directly and indirectly controls 54.9% of TUI Travel PLC.
Some of the information in this press release may contain predictions, expectations or forward-looking statements. These statements may entail known or unknown risks or uncertainties. Actual results and developments may therefore differ materially from the expressed expectations and assumptions. The performance of financial markets, the development of exchange rates, amendments to national and international laws, in particular concerning tax regulations, may also have an impact. Except as provided by law, the Company undertakes no obligation to update forward-looking statements.
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
Investor Relations contact:
Björn Beroleit, phone +49 (0) 511 566 1310
Nicola Gehrt, phone +49 (0) 511 566 1435
Media contact:
Uwe Kattwinkel, phone +49 (0) 511 566 1417
Robin Zimmermann, phone +49 (0) 511 566 1488
Branche: Transport
ISIN: DE000TUAG000
WKN: TUAG00
Index: MDAX, CDAX, HDAX, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
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Original content of: TUI AG, transmitted by news aktuell