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Massacre in Tunisia is set to cost travel firm £32m

By John-Paul Ford Rojas

Published 14/08/2015

Thomson owner TUI said the Tunisia terrorist massacre will have a huge impact on earnings
Thomson owner TUI said the Tunisia terrorist massacre will have a huge impact on earnings

Thomson and First Choice owner TUI has said the terrorist massacre in Tunisia will have an impact on earnings of up to £32m.

The attack in June claimed the lives of 38 holidaymakers, including 30 UK nationals, who were TUI customers.

Two other tourists with the company from Germany and one from Belgium also died. Most of those injured were also its customers.

Tourists were flown home from the North African country and the travel operator has cancelled holidays there, with the UK Foreign Office and other governments still advising against visits.

The cost of the flights home was €10m (£7m) while the impact of empty hotels in a region that normally accounts for just under half a million TUI visitors a year is expected to cost €25m to €30m (£18m to £21m).

Together with other costs, the total impact is seen at €35m to €45m (£25m to £32m), a spokeswoman for the company said.

Tunisia has in the past represented 3% of the company's annual tour operator programmes.

TUI set out details of the impact in a trading update for the third quarter to the end of June.

Belfast Telegraph

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