During the last trading session, the shares rose by 2.11% and were trading at the price of 295.30 GBP. Share price indicators have been falling for a month. The travel operator Tui AG recently reported interim trading results, sales recovered amid an increase in deferred consumer demand for travel. Revenue for the third quarter ended June 30 was 649.7 million euros, which is sharply higher than 71.8 million euros in the hard-hit previous year. 4.2 million customers were booked for this year’s summer season, which is equivalent to 60% of the level before the 2019 pandemic. Tui posted a pre-tax loss for the third quarter of 846.9 million euros, down from 1.52 billion euros a year earlier. The total pre-tax loss for the three months since the beginning of the year was 2.39 billion euros, an increase from 2.37 billion euros a year earlier, although part of this period was before the pandemic. Net debt at the end of June was 6.35 billion euros, down from 6.81 billion euros on March 31. Tui said it has available liquidity of 3.1 billion euros. The prospect of a satisfied company is optimistic.
Finance and Business reporter
After graduating high school. Lora decided to travel and blog as a part-timer. Today she enjoys what she loves and works remotely as our finance and business reporter