The German travel operator said 3.3 million guests traveled with TUI in its fiscal first quarter compared with 2.3 million in the year-prior period
TUI AG said Tuesday that revenue for the first quarter of 2023 rose ahead of expectations due to strong travel demand, and that its underlying EBIT loss narrowed.
TUI said revenue for the period ended Dec. 31 was 3.8 billion euros compared with EUR2.37 billion for the first quarter of fiscal 2022 and revenue forecasts of EUR3.68 billion, taken from FactSet and based on two analysts’ estimates.
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