TUI Reports Loss as Omicron Trumps Summer Recovery
TUI reported an operating loss of over 2 billion euros ($2.26 billion) for its 2020-2021 financial year and said it may need to cut winter capacity as the Omicron coronavirus variant overshadows hopes of a rebound next summer.The world's largest holiday company has struggled since pandemic restrictions wreaked havoc on the tourism industry, leaving its hotels, airlines and cruises largely empty since March 2020.It expects travel bookings to return to pre-pandemic levels by summer 2022 but the Omicron variant has prevented it from giving an outlook for the current fiscal year running from Oct.
Stena Line To Close Trelleborg-Sassnitz Route
Stena Line will permanently suspend operations on its ferry route between Trelleborg, Sweden and Sassnitz, Germany due to the coronavirus pandemic, the European operator announced on Wednesday.The cancellation comes after Stena Line announced in March it would temporarily suspend operations on the route.Stena Line has initiated discussions with the workers' council Betriebsrat in Germany. The ferry FS Sassnitz is laid up in Port of Mukran, Sassnitz, until further notice. In recent years…
Stena Line Announces More Job Cuts Due to COVID-19
Swedish ferry company Stena Line said Monday it will furlough 600 employees and make 150 redundant in UK and Ireland due to the COVID-19 pandemic's damaging effect on travel and transport across Europe.The announcement comes several weeks after the company laid off hundreds in Scandinavia and the Baltics as the coronavirus crisis weighs heavily on travel bookings and freight volumes. Already the company has reduced its number of sailings on several routes, and several vessels…
Stena Line Announces Job Cuts Due to COVID-19
The coronavirus pandemic has taken its toll on Swdish ferry company Stena Line, who announced Monday that it will cut 950 jobs due to a sharp decline in passenger travel bookings as a result of the outbreak.Stena Line said the coronavirus (COVID-19) outbreak and subsequent travel restrictions imposed by several countries have weighed heavily on bookings, with passenger traffic to Sweden, Denmark, Poland, Germany and Latvia mostly halted. On Saturday, the company completely stopped…
CLIA Predicts Cruise Passenger Increase in 2015
Cruise Lines International Association (CLIA) released its annual State of the Cruise Industry Report today and is once again projecting industry growth in 2015. A record 23 million passengers are expected to sail this year, with 61 percent of North American CLIA-certified travel agents reporting an increase in 2015 travel bookings over this time last year. CLIA also revealed that member cruise lines are scheduled to debut 22 new ocean, river and specialty ships in 2015, representing a total investment of more than $4B.
