News from TUI

TUI have announced good profits for 2008.

They've also cut overseas capacity for summer 2009 by 16% and suggest prices will be 10% higher.

Overall they assess that UK outbound capacity (eg the number of overseas holidays available to UK people) will be down 30% next summer, due to cuts at other providers and the failure of XL.

Again, another indication from a major supplier that overseas holidays will be expensive next year, and the UK relatively better value.

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