News Stock Market

TUI expects to become profitable in 2022 as travel demand booms

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)

Source : Reuters

Leave a Reply

Your email address will not be published. Required fields are marked *