TUI AG Q2 2024 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Jamie Rollo - Morgan Stanley - Analyst : Thanks. Jamie Rollo, from Morgan Stanley. Three questions, please. Could you just talk a bit about the trading environment? You talked about very strong lates market for the winter. But we've heard some of your competitors talk about some pricing weakness and family market weakness for the summer, but you sound sort of perhaps a bit more confident on them. And also what oil capacity plans for the summer this year in the UK? It sounds like you're not adding any growth anymore? And secondly, on Marella, what are the plans there for the fleet? It's pretty old. Should we assume that when the Mein Schiff -- new ships come in, you get a couple of the older Mein Schiffs back? And in terms of funding that, obviously, that comes back onto your balance sheet. So what's the impact there? And then finally, how should we think about refinancing the bank RCF? I know you've got a couple of years there, but is that likely to be next year? And similarly, on the KfW facility, when do you think you're going to cancel the remaining EUR550 million? Thank you.