Vacation group TUI has said it expects to return to profits again in 2022 with significant positive underlying gains from key activities, thanks to strong bookings as countries lift coronavirus-related travel restrictions.
In the second quarter, underlying taxes before interest and taxes shrank to € 330 million, almost halving from the € 633 million loss announced in the same period last year.
TUI also reported sales of € 2.13 billion in the second quarter of 2022, which began in October, nine times more than in the second quarter of 2021, as people rushed to travel again when possible.
The first sign was the Easter holidays. High travel demand and good business performance confirm the estimates. 2022 will be a good year with a strong travel summer, said the CEO.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
