TUI reports promising bookings, Q1 revenue at 3.8 billion euros

This post was originally published on this site

The company said its first-quarter revenue reached 3.8 billion euros ($4 billion) on promising winter and summer bookings, while its group EBIT loss almost halved to 158.7 million euros versus 274 million euros a year earlier.

“Our strategy is clear: quality, cost discipline and market share. New products, additional customers and as a result more market share and above average growth are the basis for future increases in revenue and earnings,” TUI CEO Sebastian Ebel said in a statement.

($1 = 0.9317 euros)