TUI Group sees 3Q net profit decline on MAX grounding

Credit: Kurt Hofmann
Hanover, Germany-based TUI Group has seen a negative financial impact by the global Boeing 737 MAX grounding as well as delayed bookings for the 2019 third quarter (April-June). The group’s 3Q net profit declined 68% to €47.3 million ($53.8 million) year-over-year (YOY). EBITA declined 46% to €100.9...

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