Travel giant TUI sees holiday demand solid in rest of summer

Hanover, Germany-based TUI had earnings of €48m in the fiscal third quarter, before costs of €75m from disruptions to air traffic. Picture: Peter Byrne/PA Wire.

TUI AG said it remains on course to post a profit this year, with bookings and prices looking strong for the rest of the summer even as Europeans suffer a cost of living squeeze.

The world’s biggest tour operator expects to report “significantly positive” underlying earnings before interest and tax for the 12 months through September, it reiterated Wednesday.