Shares in this major holiday company have halved year-to-date. We assess prospects.
Fourth-quarter trading update to 30 September
- UK cumulative bookings 4% ahead of summer 2019
- Winter bookings are now at 78% of pre-pandemic levels
Guidance:
- Repeats its expectation to return to significant positive underlying adjust profit (EBIT) this financial year
Chief Executive Fritz Joussen and CFO Sebastian Ebel said:
“In 2022, we see a strong travel summer almost at the same level as summer 2019. We…