TUI Travel hails profits record

Thomson and First Choice owner TUI Travel reported another year of record results today as its new line of luxury all-inclusive deals kept up demand for package holidays.

Europe’s biggest travel company shrugged off the impact of this summer’s heatwave to post its highest ever earnings across the business and in its UK arm, with overall underlying pre-tax profits surging 21% to a higher-than-expected £473 million in the year to September 30.