Holiday firm Tui cuts winter schedule amid 83% fall in bookings

Europe’s biggest holiday company says changing travel restrictions are behind losses

Tui, Europe’s biggest holiday company, has made fresh cuts to its winter schedule, blaming changing travel restrictions, as it reported an 83% slump in summer holiday bookings this year.

The Anglo-German travel firm now expects to operate just 25% of its winter schedule, as customers continue to book holidays at the last minute to try to avoid changes in travel advice.