FEWER PACKAGES; HIGHER PRICES
Travel companies such as Thomas Cook and Tui Travel have been raising prices and cutting capacity. (A sunny outlook for Thomas Cook and Tui Travel profits )
TUI Travel Plc is Europe's biggest tour operator.
It has been reducing its losses.
It has cut the number of its flights.
"The net loss for the year through September shrank to 25 million pounds ($41 million) from 271 million pounds a year earlier." (TUI Travel Narrows Loss After Cutting UK Flights )
TUI has a net debt of 338 million pounds. (TUI Travel Narrows Loss After Cutting UK Flights )
TUI has canceled 10 of the 23 aircraft orders from Boeing Co.
It has cut the number of tour packages.