TUI’s Dutch Government Jet Bid Highlights Cost Squeeze as Record Complaints Mount
Published on 07/05/2026 at 05:55 | Redaktion boerse-global.de
A no-frills proposal from the Netherlands’ travel industry has put The Hague in an awkward spot. Corendon and TUI have offered to keep operating the ageing Dutch government Boeing 737-700 BBJ (PH-GOV) instead of shelling out for a replacement. The saving: around €100 million. The infrastructure ministry has nonetheless dismissed the plan, insisting only KLM currently meets security standards for ferrying ministers and the royal family.
Corendon founder Atilay Uslu disputes that assessment, arguing the aircraft has another two decades of life left. The rejection comes as commercial aviation grapples with a surge in passenger grievances. The Schlichtungsstelle Reise und Verkehr, Germany’s travel arbitration body, logged over 29,400 complaints in the first half of 2026 — a record. Fully 83% related to air travel, blamed on weather cancellations, strikes and fallout from Gulf tensions.
Europe’s new EES border system, rolled out gradually since October 2025, is compounding the chaos. The Airport Council International reports waiting times of up to five hours at some hubs as biometric checks on non-Schengen travellers snarl connections. The ACI has called for the controls to be suspended during peak July and August to prevent a total meltdown.
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Cruise operations are also being reshaped. AIDA, TUI Cruises, Costa and MSC have cancelled or rerouted their Orient programmes for the winter 2026/27 season. TUI Cruises had already pulled additional sailings of Mein Schiff 4 and Mein Schiff 5 back in March, while Mein Schiff Flow will now head for northern Europe instead of the Middle East.
There is a glimmer of relief on the geopolitical front. The UK Foreign Office has lifted travel advisories for the UAE, Qatar and Bahrain, allowing TUI customers to book those destinations normally again. But that optimism is tempered by rising jet fuel costs, which have already prompted KLM and SAS to hike ticket prices. Currency risk adds another layer: the euro’s movement against the dollar and Gulf currencies will heavily influence TUI’s margins this season.
The stock closed Friday at €7.20, down 19.37% year-to-date and roughly 24% below its 52-week high of €9.50. The relative strength index sits at a neutral 52.8. Chartists are watching the 200-day moving average at €7.66; a sustained break above that level would brighten the technical picture. Failure to do so leaves the shares boxed in between that resistance and the 50-day line at €6.83, a zone that could be tested if fuel costs and border delays eat into the operational recovery.
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