TUI Group Posts Narrower Loss In FY21 - Quick Facts

TUI Group reported that 5.4 million guests travelled with TUI in fiscal year 2021. The company said its operating business is back and has recovered significantly in the last quarter of fiscal 2021. The first quarter of 2022 is already booked at 93 percent. Booking level for fiscal 2022 is at 4.1 million, the company said.

For the period from 1 Oct 2020 to 30 Sep 2021, underlying EBIT was negative at 2.07 billion euros compared to a negative adjusted EBIT of 3.00 billion euros, prior year. Group loss attributable to shareholders narrowed to 2.47 billion euros from a loss of 3.15 billion euros, prior year. Revenue declined to 4.73 billion euros from 7.94 billion euros.

TUI said it is close to reaching break-even in terms of underlying EBIT at 97 million euros in fourth quarter 2021. The company almost tripled fourth quarter revenue year-on-year to 3.5 billion euros from 1.2 billion euros, last year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Retail giant Walmart is set to expand its drone delivery network to 34 sites across six states in the U.S. by the end the year through its partnership with drone delivery company DroneUp. The deliveries will reach about 4 million U.S. households in Arizona, Arkansas, Florida, Texas, Utah and Virginia. Blue Moose of Boulder LLC recalled one lot of 7 oz units of its "Spinach Artichoke Parmesan Dip" for potentially containing undeclared tree nut (Cashew) and soy allergens, the U.S. Food and Drug Administration or FDA said in a statement. The recall was initiated due to mislabeling issue where a small run Spinach Artichoke Cashew Dip was labeled as Spinach Artichoke Parmesan Dip. Samsung Electronics announced that Google Assistant will be available for Galaxy Watch4 starting Tuesday. The South Korean electronics major has entered into partnership with Google to build a unified Wear OS platform for a seamless connection across Android devices. Starting Tuesday, Google Assistant will be available in 10 markets.
Follow RTT