The European holiday giant on Wednesday (14 August) recorded an eighth consecutive quarter of double-digit growth in underlying group earnings (ebit) amid what chief executive Sebastian Ebel described as "a market environment that remains challenging".
During the three months to 30 June, its third quarter, Tui’s underlying group ebit increased by €62 million (£53 million) – more than a third (37%) – from €169 million (£145 million) to €232 million (£199 million).
This came off the back of a nearly 10% increase in revenue to €5.8 billion (£5 billion), which was driven by a 5.5% increase in Q3 passenger numbers from 5.5 million to 5.8 million.
