Market Overview

TUI Posts Narrower Q1 Loss


TUI AG (OTC: TUIFY) reported a narrower loss for the fiscal first quarter.

TUI posted a quarterly net loss of 104.6 million euros ($118.5 million), versus a year-ago loss of EUR109.8 million. Loss per share declined to 0.32 euros versus 0.46 euros.

Its revenue climbed 5.4% to EUR3.54 billion, while average selling prices rose 1%.

Loss before income taxes narrowed to 211.1 million euros from 228 million euros.

The company's adjusted loss before interest, tax and amortization shrank to EUR107.9 million.

For the fiscal year ending September, the company expects underlying EBITA growth of 10% to 15%.

TUI shares fell 1.56% to close at $8.82 yesterday.

Posted-In: lossEarnings News


Related Articles (TUIFY)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at