© Reuters. FILE PHOTO: The logo of Germany-based travel company TUI is seen on a travel agency in Paris, France, June 23, 2020. REUTERS/Charles Platiau
LONDON (Reuters) – TUI, the world’s largest holiday company, said on Tuesday it was seeing a positive recovery trend for the upcoming winter and summer season, in line with a number of airlines this earnings season.
The company said its first-quarter revenue reached 3.8 billion euros ($4 billion) on promising winter and summer bookings, while its group EBIT loss almost halved to 158.7 million euros versus 274 million euros a year earlier.
“Our strategy is clear: quality, cost discipline and market share. New products, additional customers and as a result more market share and above average growth are the basis for future increases in revenue and earnings,” TUI CEO Sebastian Ebel said in a statement.
($1 = 0.9317 euros)
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