Tour operator Tui increases at the start of winter - loss reduced
Tui, the world's largest travel group, has started the winter season with clear growth.
11.02.2025, 08:20
SDA
"People prioritize their vacations even in times of change and economic risks," said Tui CEO Sebastian Ebel before the start of the Annual General Meeting in Hanover. "We are on track for further growth for the year as a whole."
In the first quarter to the end of December, the Group had 3.7 million customers, six percent more than a year earlier. For the rest of the year, growth is expected to be lower: Tui has so far registered two percent more bookings than in the previous year for both the winter as a whole and the summer season. Prices have risen by four percent.
According to the Group, the most popular destinations are once again Spain, Greece and Turkey. In the travel-weak months of October to December, turnover jumped by 13 percent to around 4.9 billion euros. Before interest, taxes and special effects (adjusted EBIT), Tui earned around 51 million euros, more than eight times as much as a year earlier.
The bottom line was a loss of a good 85 million euros for shareholders. Tourism companies are usually in the red in winter. They make their profits in the peak travel season in summer.
