TUI reports rising revenue as airline almost back to pre-Covid operations

TUI Group’s second-quarter (Q2 2023) revenue came to €3.2bn, €1.1bn more than during the period in 2022, with EBIT up €88 million to -242 million during the financial year Q2. The travel business’s markets and airlines section reported underlying EBIT was “almost back” to pre-Covid levels. “The underlying EBIT loss of -308.5 million euros in Q2 2023 was higher than in the previous year  and almost at the same level as in 2019,” the group said, explaining that “the same quarter of the previous year included a gain of 43 million euros from the revaluation and unwinding of ineffective hedge