TUI Group's earnings hit by Greece & Tunisia fears

1Thomson and Falcon Holidays owner TUI has revealed that the terrorist massacre in Tunisia and the Greek debt crisis would have a 20 million impact on earnings.
2Tourists were flown home from the North African country and travel operators have cancelled holidays there, with the British Foreign Office and other governments still advising against visits.
3The costs of the flights home plus cancellations and switching people booked on holidays to Tunisia to different destinations resulted in an impact of around 20 million on TUI.
4It set out details in a trading update for the third quarter to the end of June.
5TUI's joint chief executives Friedrich Joussen and Peter Long said: "This quarter was marked by the tragic events in Tunisia at the end of June.
6"Supporting our customers, their families and our colleagues through this sad time remains our highest priority.
7"We are very proud of the commitment and dedication our colleagues have shown throughout this unprecedented situation."
8TUI also said that bookings to Greece in late June and the first half of July were hit by economic uncertainty - as the indebted country neared economic collapse before reaching a deal on a new bailout with creditors.
9The company did not give an update on the future impact of the Tunisian atrocity - in a country which has in the past represented 3% of its annual tour operator programmes.
10The figures come after rival Thomas Cook revealed a 25 million hit to earnings from events in Tunisia and Greece.