The group delivered underlying ebita (earnings before interest taxes and amortisation) -25.6% down year-on-year to €893 million.
Group turnover climbed by 2.7% to €18.9 billion, while the group’s northern region, which includes the UK, reported underlying ebit for the holiday experiences business down by 79.6% to €56.8 million.
The group said while its holiday experiences business delivered a “strong performance”, its markets and airlines business saw a “challenging market”, “with a number of significant headwinds”.
