Travel

Travel giant TUI smashes earnings expectations as investors decide on London exit – CNBC


Passengers board on the TUI bus at Palma de Mallorca airport on June 18, 2020 in Palma de Mallorca, Spain.

Clara Margais | Getty Images

German travel giant TUI on Tuesday posted a quarterly profit of 6 million euros ($6.46 million), defying expectations on the back of upbeat travel demand.

The swing to profit vastly outstripped an analyst consensus forecast for a 102 million euro loss in underlying earnings before interest and taxation (EBIT), according to LSEG data. For the same quarter last year, Europe’s largest travel operator posted a 153 million euro net loss.



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Sage Monroe

Hi there! My name is Sage Monroe and I am a politics and business blog article writer currently studying at the University of Vermont. Writing has been my passion since a young age, and I am fortunate enough to be able to pursue it as a career. I spend most of my time researching and analyzing current events to provide insightful and thought-provoking commentary on a variety of topics. My articles can be found on various blogs and news websites, and I am always looking for new opportunities to share my ideas with the world. When I'm not writing, you can find me hiking in the beautiful Vermont countryside or enjoying a good cup of coffee at my favorite local cafe.

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