A new vessel is due for delivery fromSTX in Finland in 2015 and the company said: “Further fleet growth isconceivable to achieve the planned internationalisation of TUI Cruises withinthe TUI Group, in particular through a potential entry into source market UK.”

It is evaluating long-term options for anexpansion of the fleet, but it said capital discipline remains apriority.

TUI announced underlying pre-tax andinterest losses of EUR 16.2m