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TUI posts loss, sees good summer ahead

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CEO: “We have seen improved summer 2012 trading performance”

The world’s biggest tour operator says it is on track to meet expectations for the full year, despite posting operating loss of €394 million in the six months to the end of March – slightly bigger than the loss for the same period the previous year. This winter period is usually poor for tour operators, and TUI Travel expects a strong performance in the summer period. Booking volumes for summer are substantially ahead of last year, it says.
TUI Travel CEO Peter Long: “We have seen improved summer 2012 trading performance in all […] mainstream markets except France which remains difficult. Given the challenging economic environment, we remain cautious. However, overall trading performance continues to be in line with the board’s expectations.”
Reuters
[pictured: Santorini; courtesy Visit Greece]

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