TUI Group ready to resume travel activities

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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