The rise in profit is fairly unexpected, considering the year TUI has had. Not only was it struck down by bad weather at the beginning of the year, but it was also grounded for days when the Icelandic volcano struck in the summer, which cost it a fairly hefty £104m. But excluding those one-off expenses, its profit before tax rose from £324m last year to £337m this year. Not bad, considering airlines - particularly low-cost ones - struggled to perform through the recession.
It wasn't all good news, though. The airline said summer trading stayed weak as better-than-average weather in the UK (not to mention uninspiring exchange rates) encouraged people to stay at home, rather than jet off on holiday. The World Cup was also offputting, with most people staying in front of the telly with a couple of cans of beer, rather than going away. And it doesn't look like things are going to get much better: the number of tourists is expected to grow at a slower pace than usual next year as consumers spend less because of economies.
And today's snow probably isn't going to help. TUI chief exec Peter Long did an impressive job of convincing Sky News viewers that the closures of Gatwick and Edinburgh airports isn't a disaster, pointing out that the company is 'very good in crises, and I think we proved that very demonstrably earlier in the year'. Which is probably good - because, given that this is the third such incident so far this year, naturally-occurring crises may be something the company is going to have to get used to.