TUI Group Targets Nearly $300 Million in Cost Cuts
Photo Credit: TUI Group's offices in Germany. TUI Group / TUI Group
Skift Take
Artificial intelligence will play a role in TUI Group’s efforts to bring down costs within its markets and airline division.
TUI Group is focused on bringing down costs: The German tour operator on Wednesday announced a cost-reduction program targeting €250 million ($290 million) in savings within its markets and airline division by fiscal 2028.
Roughly 60% of the savings would come from “overhead cost reductions,” including a focus on a “lean operating model” and “lean service.” The remaining 40% would stem from “operational excellence” from improved airline efficiency, marketing effectiveness, and AI-powered tech platforms.
Will the cost reductions impact jobs and where does AI c
