TUI - Travel and Tourism Boom Drives Results Significantly!
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Business drivers: TUI is one of the leading travel providers in Europe. Given the continuous travel and tourism boom, TUI is currently benefiting from record-high booking numbers. As the company has recently further optimized its cost base through staff reductions and restructuring, margins should improve, also thanks to price increases in the company's own hotels and the cruise segment. On August 13, TUI surprised with very strong Q3 figures. Revenues increased by 7% to €6.2 billion, while adjusted operating profit (EBIT) surged by 38%...
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