Tourism giant TUI expects return to profit in 2022

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TUI, the world's largest tourism operator, said it expected to return to profitability this year as coronavirus fears eased and travel picked up.

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Between January and March 1.9 million customers travelled with TUI, the group said in a statement, nearly 10 times more than over the same period last year when pandemic restrictions kept people at home.

"After two years of crisis, we expect TUI to become profitable again in the current financial year with a significantly positive underlying EBIT," said CEO Fritz Joussen, referring to earnings before tax and interest payments are deducted.

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