TUI chief issues upbeat statement as UK bookings take off

By Linsey McNeill
Home » TUI chief issues upbeat statement as UK bookings take off

TUI says new bookings in the last six weeks have been higher than summer 2019.

Across all of its markets it has already reached 85% of sales achieved in summer 2019, with UK sales up 11% on two years ago.

Announcing a pre-tax loss for the last quarter of €330m, which was almost half the loss made in Q2 2021, the travel giant said it expects 2022 to be ‘a good financial year’, despite the €603.5m loss made in the first half of the year.

CEO Fritz Joussen added: “The strong Easter business was already the first important indicator. The high demand for travel and the good business performance now confirm our forecasts. 2022 will be a good financial year with a strong travel summer.

“In terms of capacity utilisation, we are almost reaching the pre-Corona level of 2019. After two years of crisis, things are clearly progressing and we expect to become profitable again in the current financial year with a significantly positive underlying EBIT (earnings before interest and tax). This is the basis for new growth.”

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