Underlying Ebita (earnings before interest, taxes and amortisation) for the quarter was €-83.6 million, compared with €-36.7 million the previous year. Tui’s northern region in particular – which includes the UK market – reported underlying Ebita of €-74.3 million, compared with -€37.3 million in 2018.
Group turnover grew by 4.4% to €3.70 billion, while customer volumes across all markets climbed by 1.2% to 3.7 million.
Earnings guidance for the full year 2019 was adjusted on February 6.
However Tui insisted current trading for summer 2019 was broadly in line with prior year and average selling prices were flat year-on-year.
