|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||6.62 - 6.62|
|52 Week Range||1.21 - 18.42|
|Beta (5Y Monthly)||2.10|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 09, 2022|
|1y Target Est||1.65|
TUI was doing "the connected trip" before Booking.com was born. But it needs to fine-tune its pricing and flexibility to stay competitive.
The holiday firm said summer bookings are up by 13% compared with last year as holiday-goers will jet off to Spain, Greece and Turkey.
Shares in ASOS were down nearly 12% in morning trade after the British online fashion retailer reported a deeper half-year loss and said it faced a challenging trading backdrop.
LONDON (Reuters) -German travel firm TUI said it expects strong revenue and higher profit in 2023 on the back of a jump in summer bookings, despite the risk of travel disruption triggered by strikes. Airlines such as Lufthansa, easyJet and Ryanair have all pointed to robust summer bookings, showing consumers prioritising travel spend despite high inflation and an uncertain economic outlook. "It will be a strong summer and a good financial year 2023 with a significantly higher operating result," CEO Sebastian Ebel said in a statement.
Long term investing works well, but it doesn't always work for each individual stock. We really hate to see fellow...
Shares in package holiday operator jump 10% on expectations of a healthy summer
The package holiday company said demand for Easter holidays has been strong as bookings near pre-Covid levels.
Early bookings for the summer period ahead are picking up, with $4 billion in first-quarter revenues giving the TUI executive team confidence in its so-called dynamic product strategy to recover market share in some markets and grow it significantly in others.
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Hundreds of thousands of people may be paying over the odds, Which? warns.
Average holiday prices were 23% higher than for the winter before COVID.
The travel giant reported revenues of 16.55bn euros (£14.24bn) in the year to September 30, up from 4.73bn (£4.07bn) the previous year.
By Scott Kanowsky
Investors will be keeping an eye on the group’s booking numbers when it reports its full-year financial results on Wednesday.
TUI AG ( ETR:TUI1 ) shareholders should be happy to see the share price up 26% in the last month. But that doesn't...
Bookings for November and December currently stand at 81% of 2018-2019 levels, and the group expects last-minute booking trends to continue during the winter period.
Tui stuck by its guidance for the group to return to profit over the full year, with winter bookings at 78% of pre-pandemic levels.
Average selling prices in the quarter were 18% ahead of three years ago.
The travel group said the disruption kept it in the red with underlying pre-tax losses of 27 million euros (£23 million) in its third quarter.
The latest spate of cancellations are likely to impact over 100,000 British holidaymakers