TUI May Sell Pieces Of Its Biz After Losing $1.7 Billion In Its Q3

Skift

TUI , the world’s largest tourism company, said it was considering raising new equity from shareholders or selling off parts of the business to reduce debt taken on to survive the coronavirus pandemic. Chief executive Fritz Joussen did not say which parts of the business were up for sale, although he insisted that any sales would not be distressed. TUI lost CA$1.7 billion in the three months through JUN.

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