Tour operator TUI posts 98% quarterly revenue drop
However, bookings for summer 2021 stand at 145% of what they would have been in 2020 had the pandemic not happened
13 August 2020 - 17:36
Frankfurt — TUI reported a €1.1bn quarterly loss, a day after the world’s biggest tour operator secured more aid to prop it up through winter.
Revenue fell 98% for the three months to end-June after business was essentially shut down by the Covid-19 pandemic, the German company said in a statement on Thursday. Summer bookings are off 81%, reflecting the impact of ongoing travel restrictions...
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