In a first-quarter (three months to 31 December 2023) trading update issued on Tuesday (13 February), Tui posted quarterly underlying earnings before tax and interest of €6 million – the first Q1 positive since the merger of Tui AG and Tui Travel plc in October 2014. This compared with a loss of €153 million during the same period last year.
Almost all of Tui’s core segments recorded improved Q1 performance with only its western region failing to keep pace at the start of its 2023/24 full-year, contributing to a 15% year-on-year increase in group revenue, up from €3.75 billion to €4.3 billion.
