March 29, 2019 / 8:18 AM / 22 days ago

BUZZ-Tour operator Tui's 2019 profit hit by 737 MAX grounding

March 29 (Reuters) - ** Tour operator Tui’s London-listed shares down 10 pct at 697.6 pounds

** Co has secured additional flight capacity for the holiday season after Boeing’s 737 MAX flights were grounded

** Co currently sees one-off impact on underlying EBITA rebased in 2019 of about EUR 200 mln ($224.58 mln); impact attributable to costs related to replacement of aircraft, higher fuel costs and impact on trading

** Co now sees underlying EBITA rebased for FY 2019 down about 17 pct compared with FY 2018

** If the 737 MAX flight does not resume by mid-July, co will need to extend measures until end of summer season

** Co sees additional one-off impact until 30 Sept, 2019 up to EUR 100 mln

** Aviation regulators around the globe grounded Boeing’s 737 MAX planes after a deadly crash in Ethiopia.

** Stock has fallen 33.1 pct year-to-date compared to a 7.4 pct gain in the FTSE 100 index ($1 = 0.8906 euros) (Reporting by Abinaya Vijayaraghavan in Bengaluru)

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