Travel company sees strong earnings despite Tunisia attack

Shares in the world’s largest leisure tourism group, TUI, surged yesterday after it indicated it was on course to record strong earnings growth despite the Tunisian beach massacre.

It said summer trading had been robust and it now expected underlying core earnings to rise by 12.5%-15% in the current financial year, against a previous forecast for 10%-15%.

European holiday companies have had to cope this summer with the impact of an attack on a beach massacre in Tunisia in late June that killed 38 people, 33 of whom were TUI customers.