TUI AG 2020 AR2
The report outlines TUI Group's performance during the fiscal year 2020, which was heavily impacted by the COVID-19 pandemic and the grounding of the Boeing 737 Max. Despite a strong start to the year with record bookings in January, the subsequent global travel restrictions led to a temporary suspension of most business activities, resulting in a significant revenue decline of 58% to 7,943.7 million euros. In response, the company secured multiple stabilization packages from the German government totaling 4.6 billion euros and accelerated its digital transformation and global realignment program to permanently reduce fixed costs. TUI also completed the sale of Hapag-Lloyd Cruises to its joint venture TUI Cruises and closed out its Better Holidays, Better World 2020 sustainability strategy.
Company: TUI AG
Sector: Consumer Discretionary
Country: Germany
Year: 2020
Type: AR2
Pages: 262
TUI AG
Annual Report
The report outlines TUI Group's performance during the fiscal year 2020, which was heavily impacted by the COVID-19 pandemic and the grounding of the Boeing 737 Max. Despite a strong start to the year with record bookings in January, the subsequent global travel restrictions led to a temporary suspension of most business activities, resulting in a significant revenue decline of 58% to 7,943.7 million euros. In response, the company secured multiple stabilization packages from the German government totaling 4.6 billion euros and accelerated its digital transformation and global realignment program to permanently reduce fixed costs. TUI also completed the sale of Hapag-Lloyd Cruises to its joint venture TUI Cruises and closed out its Better Holidays, Better World 2020 sustainability strategy.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2020
Reporting Period
Oct 1, 2019 - Sep 30, 2020
Fiscal Year
2020
Published
Dec 10, 2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 3:
Energy Consumption
Women on Board
Women in Management
Employees