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Tui Group sees big fall in losses as summer 2022 flies

Operators
Gary Noakes
8 February 2022

Tui Group has cut first quarter losses to €274 million, a big fall on last year’s €676 million deficit as summer sales soar.

‘Consumer paradise’
Group revenue quintupled from €468 million to €2.37 billion, with “strong booking momentum across all markets” and “new bookings for summer 2022 now above pre-crisis levels”.
 
Average summer prices are up 22% on Q1 last year, with winter up 15%.
 
Tui chief executive Fritz Joussen said: "We expect a strong summer 2022. The path out of the pandemic is becoming increasingly clear.