In the three months to 31 March, the travel giant cut losses from €242.4 million (£208.4 million) to €188.7 million (£162.3 million) while posting its highest ever quarterly revenue of €3.6 billion (£3.1 billion).
Reconfirming its guidance for this financial year, on Wednesday (15 May) Tui said revenue could increase “by at least” 10% year-on-year by the end of September.
“Bookings across all our source markets were higher and notably both our key markets in the UK and Germany reported increased bookings levels compared to our last update as the season ended with average selling price ahead of winter 2022/23,” Tui said in a statement.
UK bookings were 11% higher compared to the same time last year, while in Germany they were 10% ahead of 2023 levels.
Looking at the summer season, Tui reported 60% of capacity had already been sold despite a 4% increase in prices.
Tui has pinned record revenue levels on strong performances in the hotels and resorts and cruise markets.
