Stock Market News
TUI expects to become profitable in 2022 as travel demand booms
2022.05.11 09:31
Tui app is seen on a smartphone in this illustration taken, February 27, 2022. REUTERS/Dado Ruvic/Illustration/Files
FRANKFURT (Reuters) – Holiday group TUI said on Wednesday it expects to become profitable again in 2022 with significantly positive underlying core earnings thanks to strong bookings as countries lift pandemic-related travel restrictions.
In the second quarter, TUI’s underlying loss before interest and taxes (EBIT) narrowed to 330 million euros ($347.95 million), almost halving the loss of 633 million euros it reported for the same period last year.
($1 = 0.9484 euros)
