Travel operator TUIsaid it believes the ash cloud debacle may have strengthened the position of the company as it reported its interim results for the six months to March 31 2010. TUI announced that bookings from March 14 to May for summer holidays this year increased by five per cent in the UK. Its pre-tax losses have decreased by eight per cent and revenues have increased by eight per cent to £4.9 billion. TUI has entered into a strategic venture in Canada with Sunwing and TUI IT operations, which are led by CIO Jim Mann, are set to be the main area of cost savings in the venture. In its statement TUI said it has spotted back office functions between the two operations that can be consolidated at head and regional offices. The operations will move onto a single reservation system as well. These moves are expected to generate a profit “of at least £6m”. The ash cloud disruptions in April that shut European airspace is said to have cost TUI travel £90m in pre-tax profit it said. Related content brandpost Sponsored by Freshworks When your AI chatbots mess up AI ‘hallucinations’ present significant business risks, but new types of guardrails can keep them from doing serious damage By Paul Gillin Dec 08, 2023 4 mins Generative AI brandpost Sponsored by Dell New research: How IT leaders drive business benefits by accelerating device refresh strategies Security leaders have particular concerns that older devices are more vulnerable to increasingly sophisticated cyber attacks. By Laura McEwan Dec 08, 2023 3 mins Infrastructure Management case study Toyota transforms IT service desk with gen AI To help promote insourcing and quality control, Toyota Motor North America is leveraging generative AI for HR and IT service desk requests. By Thor Olavsrud Dec 08, 2023 7 mins Employee Experience Generative AI ICT Partners feature CSM certification: Costs, requirements, and all you need to know The Certified ScrumMaster (CSM) certification sets the standard for establishing Scrum theory, developing practical applications and rules, and leading teams and stakeholders through the development process. By Moira Alexander Dec 08, 2023 8 mins Certifications IT Skills Project Management Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe