TUI Group reports record quarterly earnings

TUI Group has reported record revenues of €5.8bn in its fiscal year third quarter report on August 14, 2024, up 9% compared to the year prior. The markets & airlines revenues were up 8.5% to €5.04bn. Underlying EBIT for the group was up 36.8% to €231.9 million. Its markets & airlines segment was up from €6.7 million in last year’s third quarter, up to €16.5 million. It said customer demand “remained resilient generating higher volumes at improved prices” which had offset growing costs. The group added that its markets & airlines bookings for the summer had strengthened and winter bookings