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Tui warns that oil costs will hit retail prices

Commodity prices are off the Richter scale a bit at the moment. We are going to have to live with much higher oil prices than we have. Mr Long said oil made up about 7-8 per cent of the cost of a holiday, a lower proportion compared with that of a low-cost airline ticket. Tui Travel has expressed confidence about the resilience of holiday travel but admitted that the rising cost of oil...

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