TUI Travel revises 2009 financial results; British Airways, Norwegian and Vueling up
Shares in TUI Travel (-11.0%) slumped after the carrier’s audit for 12 months ended Sep-2009 found a further GBP88 million in irrecoverable balances that need to be written off, resulting in a total write down of GBP117 million. The issue was the result of faults in integrating computer systems.
