Cost cutting and competitive advantage of scale as a result of an M&A.
TUI Travel reports jump in profit
Europe's biggest travel firm, TUI Travel, has said its full-year pre-tax profit rose 43% to £319.7m ($489.5m) as a result of cost cuts.
The group was created last year through the merger of German operator TUI AG and Britain's First Choice.
Read the whole article at: http://news.bbc.co.uk/1/hi/business/7752211.stm
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