August 14 (Reuters) — TUI, Europe’s largest tour operator, reported third-quarter profits that exceeded expectations on Wednesday. The company attributed this performance to robust summer travel demand, a revival in packaged holidays, and a positive impact from the bankruptcy of its German competitor, FTI.
Despite ongoing economic uncertainty, delays in aircraft deliveries, and rising jet fuel costs, travel companies and airlines had anticipated that this summer season would surpass pre-pandemic levels. TUI’s results reflect the sector’s resilience and recovery amid these challenges.
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