logo
  

TUI Group H1 Loss Widens, Revenue Down 89.2%

TUI AG (TUIFF.PK) Wednesday reported first-half group loss attributable to the company of 1.474 billion euros, wider than 861.4 million euros last year.

The company said its results were materially impacted by the suspension of the vast majority of its tour operation, aviation, hotel, and cruise operations as a result of the global travel restrictions.

TUI posted a sharp fall in first-half revenue to 716.3 million euros, from 6.638 billion a year ago.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Sturtevant, Wisconsin-based BRP U.S. Inc. is recalling around 20 models of Side-by-Side vehicles citing fire risk, the U.S. Consumer Product Safety Commission. The recall involves about 34,400 units of Model Years 2020 and 2021 Can-AM Defender HD10 side-by-side vehicles. While reporting financial results for the second quarter on Friday, technology company Honeywell international Inc. (HON) raised its adjusted earnings and sales guidance for the full-year 2021, based on the second-quarter performance and management's outlook for the remainder of the year. For fiscal... Shares of Vodafone Group Plc were gaining around 2 percent in the morning trading in London after the British telecom major reported higher revenues in its first quarter. Looking ahead, the company said it is on track to deliver fiscal year 2022 guidance, with Adjusted EBITDAaL expected to be between 15.0 billion euros - 15.4 billion euros and Adjusted free cash flow of at least 5.2 billion euros
RELATED NEWS
Follow RTT