- tour operator TUIAG TUIFF reported a 58% year-over-year increase in the first quarter revenue to 3.8 billion euros.
- The company had 3.3 million guests traveling with it in the first quarter, up 43.5% year over year.
- TUI’s adjusted EBIT loss almost halved to -153 million euros compared to a loss of -274 million euros in the previous year.
- “Our strategy is clear: quality, cost discipline and market share. New products, additional customers and thus more market share as well as above-average growth are the basis for future increases in sales and earnings,” says CEO Sebastian Ebel.
- “The rapid implementation of the strategy is having an effect, and the booking dynamics for the summer of 2023 are encouraging. Both reinforce our expectations: the underlying result should increase significantly in 2023 as a whole.”
- The company said it had 8.7 million bookings for the current winter and summer of 2023, with the latest booking figures for the last four weeks being above pre-crisis levels with higher average prices.
- In the past financial year, the TUI Group began repaying the first government financial aid during the pandemic.
- In December, TUI agreed with the Economic Stabilization Fund (WSF) on the conditions for a full repayment of the remaining WSF aid.
- Photo via company
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