TUI Group reports a strong start to the new financial year, with a 15pc increase in group revenue driven by carrying 3.5m customers in Q1 2024.
The company achieved a positive underlying EBIT of €6m in the quarter, which is usually negative due to seasonal factors.
TUI benefited from strong travel demand and higher prices, leading to positive results in its Holiday Experiences segment, particularly in Hotels & Resorts and Cruises divisions.
Despite geopolitical uncertainties, TUI remains optimistic about 2024 and expects year-on-year revenue growth of at least 10pc. There is also a decision to be made regarding delisting TUI shares from the London Stock Exchange.
TUI capacity form Ireland is set to expand by 10pc in 2024.
