Connect with us

Business

Cruise passengers ‘stranded’ after air con failure to be flown home

Published

on

A woman in a pink bikini lies on a deck chair covered in pink blankets, reads a magazine. there are pink towels, a tote bag and a radio next to her.

Cruise passengers left stranded in Budapest for two days during a heatwave after the ship’s air conditioning failed will now be flown home.

Multiple people booked on to a river cruise aboard the Skyla, operated by Tui, complained to the BBC’s Your Voice about a lack of information and said elderly passengers were struggling as temperatures in the city rose above 35C this week.

Tui has apologised and told passengers it has arranged flights home for tomorrow and a full refund.

Judith Dunn, 83, had paid £2,000 for the planned trip along the Danube River and told the BBC the heat on board was “absolutely stifling”.

Advertisement

She was one of 146 people booked on the trip, which was meant to be a special treat for her and a friend.

It would have spanned Judith and her late husband’s 60th wedding anniversary and the 80th birthday of her friend, whose husband passed away a year ago.

She said it turned into a “nightmare”. Judith and other passengers arrived in the Hungarian capital on Monday lunchtime, but were brought to the ship only to be told the air con had broken.

Around 1930 local time, she said they were transferred to hotels and had to make their own arrangements for food.

Advertisement

“We have since found out that the air con has been broken for a little while, in fact the people who were here last week on a cruise had to be in a hotel as well. So they did know about this, so we were a little bit upset by that.”

Europe has been in the grip of a heatwave, and temperatures are forecast to hit 39C in Budapest on Tuesday.

Passengers were today taken back onto the ship for lunch.

Another traveller, Melanie Roberts, praised the crew for ensuring there was plenty of water.

Advertisement

But she said there were “a few people who are quite distressed with the situation”.

“There are some elderly people on here and people who are not as mobile as others.

“I think basically now we’re getting to… the stage where people just want to go home.”

In a statement, Tui River Cruises told the BBC it was “aware of a technical issue affecting the air conditioning on Tui Skyla following the extreme heat in Budapest, and we’re very sorry for the disruption this is causing to our customers’ holidays”.

Advertisement

“The ship is currently in Budapest, where engineers and specialist teams are working to fix this as quickly as possible.”

Following the statement, a letter given to passengers, seen by the BBC, said more time was needed to fully fix the problem and the decision had been taken to cancel the cruise.

People affected will receive a full refund and £100 voucher as a gesture of goodwill.

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Cenovus Energy Inc. 2026 Q2 – Results – Earnings Call Presentation (TSX:CVE:CA) 2026-08-01

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

Continue Reading

Business

Fluence Corporation Limited 2026 Q2 – Results – Earnings Call Presentation (OTCMKTS:EMFGF) 2026-08-01

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

Continue Reading

Business

Essex Property Trust, Inc. 2026 Q2 – Results – Earnings Call Presentation (NYSE:ESS) 2026-08-01

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

Continue Reading

Business

How will adjustment in Japanese stocks impact the USD/JPY?

Published

on


How will adjustment in Japanese stocks impact the USD/JPY?

Continue Reading

Business

Amerant Bancorp Inc. 2026 Q2 – Results – Earnings Call Presentation (NYSE:AMTB) 2026-08-01

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

Continue Reading

Business

Soitec SA (SLOIY) Shareholder/Analyst Call Transcript

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Frederic Lissalde

Being broadcast. I hereby declare open the combined ordinary and extraordinary general meeting of Soitec. This meeting is convened to go over the agenda set out in the notice of meeting, which was sent to registered shareholders and also published in the official bulletin.. As the Chairman of the Board of Directors, I am chairing this general meeting, and I would now appoint the meeting’s officers. I hereby call upon the 2 members of the meeting which hold the largest number of votes, and they have agreed to fulfill this role to act as scrutineers.

So the company Bpifrance Participations, hereby represented by Mr. Samuel Dalens and the company called CEA Investissement represented by Ms. Julie Galland and Samuel Dalens and Julie Galland are seated in front of me here in the first row. The Chair and the scrutineers form the Presiding Committee of the meeting, and they appoint a Secretary, Emmanuelle Bely, who is the Secretary General of Soitec and also the Secretary to the Board of Directors and who is standing to my left. We now have the officers in place. Also present beside me are Laurent Remont, our new CEO since April 2026, who is attending his first Soitec Annual General Meeting; and Albin Jacquemont, our Chief Financial Officer.

The statutory auditors are also present in this room. One is Benjamin Malherbe for Ernst & Young Audit and Laurent Genin for KPMG. And we also have with us the directors who were able to attend those who could make themselves available. And I would like to thank them

Advertisement
Continue Reading

Business

Weak rupee takes its toll on cos with huge foreign debt

Published

on

ET Search
The global economic crisis is beginning to weigh heavily on India Inc���s balance sheet, courtesy the depreciating rupee. While a weakening rupee might bring cheer to export-oriented sectors such as IT and textiles, it has pushed up the foreign exchange liabilities of Indian companies.

Accounting rules, called AS-11 provisions, make it mandatory for companies to make mark-to-market provisions in their profit & loss accounts for any changes in foreign currency loans. The worst hit have been those companies that predominantly serve the domestic market and opted for foreign currency loans to finance their growth plans.

According to an analysis by ETIG, the profitability of companies will be dented by mark to market (MTM) losses. Tata Steel may report a forex loss of around Rs 344 crore, whereas Tata Motors could take a hit of Rs 311 crore. Tata Chemicals, which took a foreign currency loan of $475 million to fund its overseas acquisitions, is estimated to report a forex loss of Rs 187 crore. Ranbaxy, JSW Steel and Firstsource Solutions will lose Rs 100 crore and Rs 400 crore each. The list of companies is not exhaustive as an estimated dozen companies raised forex debt last year.

Thankfully, this is only an accounting entry and does not affect the cash flows. However, it is likely to be read negatively by the stock market. Market participants actively track companies��� net profits and any adverse development does affect valuations. The rupee had positively impacted most of the above companies till last year, but it has depreciated by over 9% in the quarter ended September 2008.
When the rupee depreciates, the value of foreign currency liability denominated in rupee terms increases and vice versa. According to AS-11 stipulations, an increase in liability should be reflected in the quarterly profit and loss statement and will translate into lower corporate profits. Most companies are focused on the domestic market and are therefore unlikely to benefit from a weakening rupee.


The falling rupee will severely affect the small companies, whereas the big ones will be impacted only moderately. Firstsource Solutions may report a net loss, while Tata Steel might see a 100 basis points decline in net profit margin on account of forex losses. To put things in perspective, most companies will experience a 10-50% hit on their operating profits.
Companies such as Reliance Communication, Reliance Industries and Bharti Airtel follow schedule-VI of the Companies Act, instead of AS-11 and are therefore unlikely to see an impact on their quarterly profit and loss statements. The operating profits of the two Reliance companies would have been lower by around Rs 800-900 crore if they had subscribed to the AS11 norms.

Advertisement
Add ET Logo as a Reliable and Trusted News Source



Continue Reading

Business

Erste Group Bank AG (EBKDY) Q2 2026 Earnings Call Transcript

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript