TUI 1Q Rev EUR2.37B

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TUI 1Q Rev EUR2.37B
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Travel group TUI reports revenue rise, sees strong summer season for 2022

TUI AG said Tuesday that revenue rose for the first quarter of fiscal 2022, and that it expects a strong summer season in 2022 due to the robust booking momentum across all markets.

Underlying loss before interest and taxes--the company's preferred metric which strips out exceptional and other one-off items--was EUR274 million compared with an EBIT loss of EUR676 million a year earlier.

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