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TUI AG: Q1 2024 Interim Report 1 October 2023 – 31 December 2023 -February 13, 2024 at 01:03 am EST

German travel group TUI reduces losses in first quarter

The German leisure, travel, and tourism company, TUI Group, on Tuesday said it reduced its losses in the first quarter, as revenue rose on stronger demand and higher prices and rates. In addition, the company has reaffirmed its full-year guidance. For the first-quarter, the Group reported a net loss of €83.5 million ($89.9 million), €0.24 per share, compared with a loss of €231.8 million or €0.89 per share, reported for the same period last year. Pre-tax loss was at €103.1 million versus a loss

Exodus from London Stock Exchange set to continue as travel operator wants to exit

Tui Group has called on investors to vote in favor of plans to delist the company from the London Stock Exchange, amid an exodus of firms from the troubled…

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