Holiday group Tui has predicted a strong summer season thanks to pent-up demand as travel restrictions ease, and said it cut winter losses.
The group reported underlying losses of 273.6 million euros (£230.5 million) for its first quarter to the end of December, narrowed from losses of 675.8 million euros (£569 million) a year ago.
It said revenues rose five-fold to 2.37 billion euros (£2 billion) from 468 million euros (£394 million) a year ago, helped by surging prices – up 22% for summer trips and 15% higher for winter holidays.