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Here’s Why Tui Share Price Tumbled 5% on Monday

TUI logo building
Nigel F

Shares of Tui AG (LON: TUI) have continued to trade lower on Monday after the UK Government imposed a new set of quarantine measures on travellers, sending all travel and leisure stocks lower. 

Brittons scrambled to return from France and avoid quarantine rules after the Government said that all people arriving from France and the Netherlands would have to go into quarantine for 2 weeks.

“The UK needs a more sustainable long-term plan for the resumption of travel than quarantine roulette,” a spokesman of the Heathrow airport said. 

“It appears summer 2020 will be something of a write-off, the industry cannot afford for the same to be true in 12 months,” Russ Mould, a director at the investment platform AJ Bell, said.

Last week, Tui posted a record £1.3 billion loss in just three months. The travel giant saw its revenue crash 98% this summer compared to a year ago. Booking went 81% south, forcing the company to slash costs by 30% across the Group. 

Tui share price plunged on new travel restrictions August 2020

Tui share price is trading around 5% lower today, dipping below the 300p handle again.

Nigel F
Nigel F
Team Member

Nigels tiefes Verständnis der Finanzmärkte basiert auf über 10 Jahren Erfahrung. Nigel wurde bisher zweimal von der FCA (Financial Conduct Authority) autorisiert und hat in der letzten Zeit eine Finanz-Brokerage Firma besessen und verkauft. Er liefert hochaktuelle Analysen und Einsichten in die Finanzmärkte und in die allgemeine Wirtschafts- und Währungspolitik des Vereinigten Königreichs, der USA, Europas und Asiens.