TUI extends credit lines until summer 2024

TUI AG has extended its existing credit lines until summer 2024, giving the Group more time and flexibility and strengthens TUI in a market environment with ongoing pandemic restrictions. The Group states that its objective remains a rapid repayment of the government loans as soon as more holiday destinations can be travelled to in a stable manner again and the successful relaunch of tourism continues in a sustainable manner. The company states that pent-up demand and interest in travel remain at high levels in Europe and TUI’s international markets but that, as expected, the summer business, which has got off