TUI reports a strong Q3 with 232 million euro EBIT, driven by summer travel demand and rival FTI's bankruptcy.
Europe's largest tour operator, TUI, reports a strong Q3 with an underlying EBIT of 232 million euros, driven by increased summer travel demand and the bankruptcy of rival FTI. Shares rose 4.3% following the results, and TUI reaffirms its guidance for a 25% increase in operating profit and 10% revenue growth. Packaged holidays experienced a comeback amid rising prices in hotels, sightseeing, and restaurants.
August 14, 2024
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