Travel operator Tui have reported half-year losses of £261 million along with a fall in summer bookings.

Tui has reported a loss of £261 million for the six months to the end of March. This is up from £148 million in the same period a year ago. The travel operator has also suffered because of the grounding of Boeing’s 737 Max aircraft, the operator has warned this could cost them a further £261 million in losses.

The unwelcome news comes just 2 months after budget airline EasyJet reported £275 million in losses, which it says is a direct result of … Read more