TUI reports continued revival to pre-pandemic business levels in Q1 2023

TUI Group’s markets and airlines operations saw an improvement from a loss of €259 million in the first quarter of 2022 (Q1 2022) to a loss of €193 million in Q1 2023 as it reported overall revenue increasing by €1.4bn over the same period to €3.8bn. The improved result for the group’s airlines-related operations was driven by higher prices and good demand”, it reported, with 8.7 million bookings in the sector taken across winter 2022/23 and summer 2023, almost 90% of winter 2018-19 summer 2019 and already up 50% on 2022. “The start into the new year has seen significant