TUI Travel PLC is a diversiﬁed international travel group
that operates in around 180 countries and serves more than 30 million customers, drawn from over 27 countries. Our group encompasses a variety of business lines including travel agencies, tour operators, cruise ships and even a pan-European airline consisting of 146 aircraft.
As such, our everyday business activities create major operational complexities associated with cash management, not to mention signiﬁcant currency and commodity (jet-fuel) exposures. Therefore, one of the key responsibilities for Treasury is to manage these risks effectively—in order to safeguard TUI Travel’s ﬁnancial performance.