On May 13th 2020 TUI AG presented the figures for the first half of our financial year, along with a first outlook on TUI's future after the Coronavirus pandemic.
CEO Fritz Joussen: “People want to travel. Europe must now gradually open up. Summer holidays are possible responsibly and with clear rules. We will reinvent the holiday in 2020.”
TUI hotels in Germany and Europe ready to go. Increased hygiene and safety measures for all tourism activities of the Group.
Strong start to the 2020 financial year before the pandemic: turnover grows by +6 per cent to 6.0 billion euros in the first five months. Operating underlying EBIT after five months +21 per cent to -240 million euros.
First bookings for summer 2021: +114 per cent
Occupancy rate TUI Cruises 2021 at normal level
Targeting 30 per cent overhead cost reduction across the Group
Available liquidity (as of 10 May 2020): 2.1 billion euros
Outlook: Full-year guidance not yet possible
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