Tui more than halves losses as it predicts ‘strong travel summer’

Bookings reach 85% of levels seen for summer of 2019 as industry bounces back from Covid pandemic

The travel company Tui Group more than halved its losses over the past six months and is predicting a strong travel summer" as customers continue to book long-awaited holidays despite cost of living pressures.

Europe's largest holiday company said future bookings remained unabatedly high" as international travel bounced back from the coronavirus pandemic and had reached 85% of levels seen for the summer of 2019, with the pace picking up in particular over the past six weeks.