Ouch... this is yet another set of stats you don't want to hear.
TUI group will slash its Tours in 2009 season by 27%. this is on top of Cook's cuts of 15%. The cuts will primarily occur in the packaged short haul (read Spain) markets.
So if this happens - who can benefit from this? Strangely enough there are several sets of winners.
The LCCs will really benefit. Again a little wierdly it will be the non-Spanish airlines. Spanair, Clickair/Veulling and even Iberia are all hurting. Futura and XL (UK) are of course gone and LTE is very sick. So it will be Air Berling, Ryanair and Easyjet.
Also to benefit will be YouTravel.
Chaps its your advantage take it!