TUI sees limited financial fall-out from Asia quakes

HANOVER, Germany, Dec 28 (AFP) - TUI, Europe's leading travel and tourism group, said Tuesday it expected only limited financial fall-out from the tidal waves that battered South Asia at the weekend and left more than 55,000 people dead.
TUI generated one to two percent of its revenues from South East Asia, a spokeswoman said, estimating that the group could face costs running into "low single-digit" millions, or less than 10 million euros from the catastrophe.

12/28/2004 14:55 GMT - AFP