TUI AG
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TUI AG

Company nameTUI AG
Company typeAktiengesellschaft (FWB - TUI)
IndustryTravel, tourism
Founded2002 (rename of Preussag AG to TUI AG)
HeadquartersHanover, Germany
Key peopleMichael Frenzel (CEO and chairman of the management board), Dietmar Kuhnt (Chairman of the supervisory board)
ProductsCharter and scheduled passenger airlines, package holidays, cruise lines, hotels and resorts
ServicesTravel agencies
Revenue-16.50 billion (yr - Sept 2009)
Operating income-92.3 million (yr - Sept 2009)
Net income-178.2 million (yr - Sept 2009)
Employees69,540 (September 2009)

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TUI AG ( ) is a German multinational travel and tourism company headquartered in Hanover. Until 2001 it was an industrial and transportation company named Preussag AG, which in the mid-1990s decided to reinvent itself as a tourism, shipping, and logistics company. It sold off many of its industrial concerns and purchased several major travel and transportation firms.

Today it is one of the world's largest tourist firms with interests across Europe. It owns travel agencies, hotels, airlines, cruise ships and retail stores. Major subsidiaries include TUI AG Airlines, the largest holiday fleet in Europe. Its common brand TUIfly encompasses 7 airlines.

TUI AG was also one of the world's largest shipping companies, having its logistics activities bundled within Hapag-Lloyd AG and concentrated on the shipping sector. Hapag-Lloyd is no longer an operating unit of the business however, a majority stake having been sold to the Albert Ballin consortium of investors in March 2009. TUI retains a 43.3% stake in the firm and continues to wholly own and operate the cruise line Hapag-Lloyd Kreuzfahrten.

Some data of TUI:

* approx. 3,500 travel agencies

* 79 tour operators in 18 countries

* over 120 aircraft

* 37 incoming agencies in 31 countries

* 12 hotel brand in 28 countries with 285 hotels and around 163,000 beds

* 10 cruise liners

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TUI AG CEO: Chances For Hapag-Lloyd IPO In 2011 Are Good - Wall Street Journal Tweet this news
Wall Street Journal--FRANKFURT (Dow Jones)---TUI AG's- (TUI1.XE) chances of an initial public offering for its container shipping unit Hapag-Lloyd in 2011 are good, ... - Date : Tue, 14 Dec 2010 16:10:24 GMT+00:00
TUI AG: Klaus Mangold Proposed As Supervisory Board Chairman - Wall Street Journal Tweet this news
Wall Street Journal--FRANKFURT (Dow Jones)--German travel and tourism company -TUI AG- (TUI1.XE) said Monday its supervisory board proposes Klaus Mangold as chairman of the ... - Date : Mon, 13 Dec 2010 15:10:01 GMT+00:00
TUI AG: Preparing For Possible Hapag-Lloyd IPO For '11 - Wall Street Journal Tweet this news
Wall Street Journal--After a planned capital increase, TUI will hold 49.8% in the company and the Albert Ballin consortium will hold the remaining 50.2%. -TUI AG- also owns a ... - Date : Tue, 07 Dec 2010 16:11:57 GMT+00:00
Kuehne to raise stake in Hapag-Lloyd - sources - London South East Tweet this news
London South East--FRANKFURT, Dec 10 (Reuters) - A group of German investors aims to retain its grip on Hapag-Lloyd after -TUI AG- floats ... - Date : Sat, 11 Dec 2010 00:50:33 GMT+00:00
TUI Travel merger savings bear fruit - euronews Tweet this news
euronews--UK-based TUI Travel is beginning to reap the rewards of synergies gained from the merger of -TUI AG- and First Choice Holidays. ... - Date : Thu, 02 Dec 2010 18:23:39 GMT+00:00
TUI Said to Work With Three Banks to Sell Stake in Hapag-Lloyd - Bloomberg Tweet this news
Bloomberg---TUI AG-, the biggest single shareholder in the Hapag-Lloyd steamship company, is working with three banks to prepare the sale of its stake in the container ... - Date : Mon, 29 Nov 2010 13:23:20 GMT+00:00
TUI AG to look east with chairman decision -sources - Reuters Tweet this news
Reuters--FRANKFURT Nov 26 (Reuters) - Klaus Mangold will likely become the new chairman -TUI AG's- (TUIGn.DE) supervisory board, reflecting the German tourism and ... - Date : Fri, 26 Nov 2010 11:01:47 GMT+00:00
TUI names Waggott its new FD - ShareCast Tweet this news
ShareCast--He joined Thomson Travel in 2001, becoming chief number cruncher of -TUI AG's- Tourism businesses in 2006 and then commercial director following the merger of ... - Date : Tue, 30 Nov 2010 16:22:55 GMT+00:00
TUI Travel shares bounce 4% - Stock Market Wire Tweet this news
Stock Market Wire--StockMarketWire.com - TUI Travel shares were up 4% today after market rumours that its largest shareholder, -TUI AG- could be looking to increase its stake. ... - Date : Tue, 23 Nov 2010 11:47:58 GMT+00:00
FTSE 100 movers: TUI Travel bucks trend - ShareCast Tweet this news
ShareCast--TUI Travel is the best performer for the second day running. There are rumours that 55% shareholder -TUI AG- wants to increase its stake. ... - Date : Tue, 23 Nov 2010 12:44:11 GMT+00:00

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