Tui warns of more pain to come for travel industry

The Independent Wednesday 10th August, 2011

The chief executive of Tui Travel, owner of Thomson holidays, has warned that more smalltravel firms are likely to collapse into administration, as the tour operator unveiled a jump in third-quarter profits. Following the collapse of tour operator Holidays 4U last week, Tui's boss, Peter Long, said: "The smaller companies in this environment will ...

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