Skip to main content

Tui Group faces €13m hit from airline disruption in Europe; bookings up on last year

Operators
Jennifer Morris
9 August 2018

Tui Group is facing a €13 million impact from airline disruption in Europe this summer, although booking levels remain ahead of last year.

Tui headquarters

In its Q3 results the company reported a second year of profitable growth, with underlying nine month (October 1, 2017, to June 30, 2018) Ebita (earnings before interest taxes and amortization) up €57.7 million €65 million at constant currency.

Including the currency effect underlying Ebita climbed by €27.5 million to €34.8 million.

In Q3, turnover rose by 5% to €5.016 billion. On a constant currency basis and excluding the impact from the earlier timing of Easter, underlying Ebita totalled €227 million, up 2.4% year-on-year.

Including foreign exchange translation and the Easter impact, it declined by 12.7% to €193.4 million.