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TUI Group had a strong performance in the last three months of 2024, boosted by increasing demand for short and medium-haul destinations.
German travel and tourism giant TUI Group announced its first quarter financial year 2025 earnings on Tuesday, for the October to December 2024 quarter.
It noted that 3.7 million clients travelled with the company during this period, which was a rise of 6% on an annual basis.
TUI experienced an 18% surge in dynamically packaged holidays compared to the same period the previous year, coming up to 0.7 million holidaymakers. These packages are tailor-made holidays, with clients being able to choose from a vast range of flight options.
The company’s share price dropped 9.3% on Tuesday morning.
Revenue for Q1 FY25 came up to €4.9 billion, which was a 13% increase compared to the corresponding period in the previous year.
Underlying earnings before interest and taxes (EBIT) surged to €51m, compared to €6m in the…
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