TUI Travel trims losses in fiscal first quarter

Corsairfly 747. TUI Travel, the tourism conglomerate that includes TUIfly, Thomson, Arkefly, Corsairfly and Jet4you, among others, reported a net loss of £99 million ($159.4 million) for the fiscal first quarter ended Dec. 31, 2010, improved from a loss of £124 million in the year-earlier period...

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