TUI hopeful for summer despite higher prices after strong Q2
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 15 2024
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Source: reuters
- TUI's Positive Outlook: TUI, Europe's largest tour operator, anticipates strong demand for the upcoming summer season despite higher prices.
- CEO Statement: CEO Sebastian Ebel mentioned that traveling is popular and sees trends that will further boost travel in the future.
- Summer Season Expectations: Travel firms are optimistic about the 2024 summer season surpassing pre-pandemic levels despite challenges like economic uncertainty and rising jet fuel prices.
- Financial Performance: TUI reported a narrower operating loss in the January-March period, with revenue increasing by 16% to 3.6 billion euros.
- Future Guidance: TUI confirmed its 2024 guidance of 10% revenue growth and a 25% increase in operating profit.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
