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Feb 11, 2025
TUI Group reported a robust performance in the latest quarter, driven by rising demand for short and medium-haul destinations. For more information, visit the source article.
According to data from IndexBox, the company’s first quarter for the fiscal year 2025 saw revenue rise to EUR4.9 billion, marking a 13% increase from the previous year. This was a reflection of increasing bookings for winter 2024/2025 and summer 2025, which saw a 2% rise compared to the previous year’s corresponding period. Underlying earnings before interest and taxes (EBIT) soared to EUR51 million, a significant jump from EUR6 million in the same quarter in 2023. This growth was spearheaded by TUI’s Holiday Experiences segment, encompassing TUI Musement, Hotels & Resorts, and Cruises.
Despite the sterling earnings report, TUI’s share prices took a hit, dropping 9.3% on Tuesday morning. On the other hand, Fitch Ratings…
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