Holiday giant TUI expects tourism bounce, but remains financially unstable

Company is counting on a surge in bookings to revive cash flows after suffering a €1.3bn loss in its first half

TUI is confident of a rebound in European travel.

Holiday giant TUI has said it is more optimistic about a European tourism rebound, spurred by looser travel curbs and diminishing rates of Covid infection, even as it signalled potential turbulence in the months ahead.

The world’s biggest tour operator said a pick-up in demand is “clearly evident,” with reservations doubling in April.