TUI: buoyant after optimistic outlook
(CercleFinance.com) - TUI shares are up 3% in London as the travel group said it now expects to return to "significantly positive" underlying EBIT for the current financial year, given its current bookings and performance to date.
Its H1 adjusted operating loss more than halved year-on-year to 603.5 million euros on revenues of 4.5 billion euros, compared with 0.7 billion euros a year previously.
TUI announced 1.9 million customers in Q2, 1.7 million more than in the same period last year, reflecting the recovery of the tourist travel sector after the unprecedented health crisis that has ravaged the sector.
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