LONDON, May 9 (Reuters) – Travel firm TUI said it expects strong revenue and higher profit for the full year of 2023 on the back of strong booking momentum for the busy summer travel season.
Bookings rose by 13% compared with the previous year and reached 96% of bookings in the summer of 2019, with average prices for summer trips up 5% over last year.
“Strong booking development and significantly improved quarterly figures underline our expectations: it will be a strong summer and a good financial year 2023 with a significantly higher operating result,” CEO Sebastian Ebel said in a statement.
The company also repaid its state financial aid in full earlier this year and reported a narrower quarterly underlying earnings before interest and tax (EBIT) loss of 242 million euros ($266.39 million), up 88 million over last year.
($1 = 0.9084 euros)
Europe is taking tougher action against tankers falsely using Cameroon's flag registry to transport Russian oil, including boarding vessels at sea, prompting Cameroon to dump 39 such ves...
EU countries and the European Parliament have agreed draft changes to the Eurovignette directive, the EU framework that governs road tolls and user charges for heavy-duty vehicles.
Th...
Morning Briefing
Prosecution Tells Jury Fenech's Alleged Role Was Decisive in Caruana Galizia Murder
Jurors in the trial of Yorgen Fenech were told on Thursday that journalist Daph...
Morning Briefing
Yorgen Fenech trial over Daphne Caruana Galizia murder begins
The long-awaited trial by jury of Yorgen Fenech over the murder of journalist Daphne Caruana Galizia ...
The European Commission has unveiled an ambitious package of tax reforms aimed at simplifying tax rules across the European Union, reducing compliance burdens for businesses and strength...
The European Union's new Migration and Asylum Pact enters into force on 12 June, ushering in the most significant reform of the bloc's migration framework in years and placing renewed em...
Malta Public Transport will be organising special bus services for the BBC Concert taking place on 4th July 2026, at the Granaries in Floriana.
In order to provide a more convenient t...
Developments in artificial intelligence are outpacing scientific understanding and government policy, meaning there are no guarantees the technology will not cause catastrophic harm, a...
The European Parliament has approved a major new initiative aimed at reducing workplace accidents and strengthening worker protection across the European Union, as concerns continue to g...
The European Union has approved new rules aimed at tightening the screening of foreign investments in strategic sectors, marking a major shift in Europe’s approach towards economic secur...
Malta Public Transport will be organising special bus services for the BBC Concert taking place on 4th July 2026, at the Granaries in Floriana.
In order to provide a more convenient t...
One month after Gozo’s public transport service has been fully electrified, Gozo’s bus service has recorded more than 332,000 passenger journeys across more than 16,220 trips, demonstrat...
The U.S. and Iran released the text of an interim agreement their presidents have signed to end their war on Wednesday, with U.S. President Donald Trump threatening to resume attacks and...
U.S. and Iranian officials said they had reached an agreement to end their war and reopen the Strait of Hormuz, a preliminary pact that sent oil prices falling but leaves the fate of Te...
At least 32 people have been killed and more than 700 injured after two powerful earthquakes — measuring 7.2 and 7.5 — struck central Venezuela seconds apart, causing widespread destruct...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
Kyiv will observe a day of mourning on Friday after a large-scale Russian missile and drone attack killed at least 13 people and injured about 90 others, according to city officials.
...
Ukrainian President Volodymyr Zelenskyy cut short his visit to Dublin on Wednesday, warning that the Kremlin would soon launch a new large-scale attack on Ukraine.
Zelenskyy was atten...
