TUI Group has reported group pre-tax losses for the full year to September 30, 2021 of €2.48bn on revenue of €4.7bn. Airline losses remained high at €1.47bn although this was a 25% reduction on last year’s losses of over €2bn. In its fourth quarter, TUI delivered first positive Group quarterly EBITDA of €160m since start of pandemic, with group revenue up €2.1bn to €3.4bn compared to Q4 FY20. TUI’s year-end net debt was €5.0bn, a reduction of €1.4bn since Q3 and €3.9bn on a pro-forma basis including €1.1bn capital increase completed post balance sheet. The company has extended its RCF

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