The Kuoni Group’s first half turnover totaled CHF 2 228 million, increasing by 9.9 percent to the prior-year period. Organic growth stood at 9.5 percent; moreover, acquisitions (+6.1 percent) also contributed to the increase, while currency fluctuations (-5.7 percent), particularly in the UK, exerted a negative impact.
Zoom Airlines, San Diego’s only overseas airline service, has been zapped. Zoom Airlines has grounded its planes, stranding passengers at several airports.
Thousands of Britons could lose their Caribbean holidays after XL Airways this week cancelled all its flights to the region from the beginning of November. The airline blamed rising fuel costs and the falling popularity of the routes.
Star Cruises reported that the company narrowed its losses in the first half of 2008, but that NCL Corp.’s performance dragged down results. Star owns 50 percent of NCL. Star lost $49.7 million in the first half of this year, compared with $56 million during the same period of 2007. The company said its NCL operations lost $85.5 million.
TUI Travel PLC is cutting the number of vacation packages it offers in the U.K. by 15 percent and in Germany by 6 percent for summer 2009, the company said in its earnings report for the quarter ended June 30. Still, Long said he is confident that TUI Travel will meet the board’s expectations for 2008 and 2009.
Online Vacation Center Holdings Corp. announced its results for the second quarter ended June 30. Net revenues from continuing operations for the three months ended June 30, 2008 increased by $725,172 to $2,691,750, or 36.9 percent more than the same period in the prior year.