TUI expects to become profitable in 2022 as travel demand booms

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FRANKFURT, May 11 (Reuters) – Holiday group TUI  said on Wednesday it expects to become profitable again in 2022 with significantly positive underlying core earnings thanks to strong bookings as countries lift pandemic-related travel restrictions.

In the second quarter, TUI’s underlying loss before interest and taxes (EBIT) narrowed to 330 million euros ($347.95 million), almost halving the loss of 633 million euros it reported for the same period last year.

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